10977 + Interview Questions in Secondary School in Accountancy

1.	How to calculate 90% subscription of a year?
Answer» Explanation: RETENTION RATE is often calculated on an annual basis, dividing the number of EMPLOYEES with one year or more of SERVICE by the number of staff in those positions one year ago. Positions added during the year would not be COUNTED.

1.

How to calculate 90% subscription of a year?

Answer»

Explanation:

RETENTION RATE is often calculated on an annual basis, dividing the number of EMPLOYEES with one year or more of SERVICE by the number of staff in those positions one year ago. Positions added during the year would not be COUNTED.

Discussion

2.	Sundry asset is asset or liability
Answer» ANSWER: Sundry ASSETS are small, relatively insignificant, items held by a business that do not merit their own line item individually on a BALANCE sheet. It is mostly an outdated term that has been replaced with “other assets” in the ACCOUNTING world.

2.

Sundry asset is asset or liability

Answer»

ANSWER:

Sundry ASSETS are small, relatively insignificant, items held by a business that do not merit their own line item individually on a BALANCE sheet. It is mostly an outdated term that has been replaced with “other assets” in the ACCOUNTING world.

Discussion

3.	Explain this☝question?and also tell me how to do this one ☝?
Answer» ANSWER: PLZ TELL this question is from partnership RETIREMENT or not?

3.

Explain this☝question?and also tell me how to do this one ☝?

Answer»

ANSWER:

PLZ TELL this question is from partnership RETIREMENT or not?

Discussion

4.	27. In an arbitrary group of six people,which of the following situations isimpossible?(A) At least five of them know eachother and two of them do notknow each other,(B) At least four of them know eachother and three of them do not:know each other.(C) No three of them know eachother and no three of themunknown to each other.(D) No four of them are unknownto each other and there is aperson known to every other.Tiit natural number
Answer» A is the CORRECT ANSWER

Discussion

5.	Jornal entry for mr. Small returned defective goods ₹150
Answer» EXPLANATION: PURCHASES RETURN account DR to MR. small account

5.

Jornal entry for mr. Small returned defective goods ₹150

Answer»

EXPLANATION:

PURCHASES RETURN account DR

to MR. small account

Discussion

6.	When goods are sold on credit which account is debited
Answer» Answer: In this transaction TWO accounts are involved. ONE is purchase account and the other one is the Creditor account. As per the modern accounting APPROACH : Debit if there is an increase in assets, expenses or losses and credit if there is decrease in assets, expenses and losses. Explanation: follow me mark as BRAINEST

6.

When goods are sold on credit which account is debited

Answer»

Answer:

In this transaction TWO accounts are involved. ONE is purchase account and the other one is the Creditor account. As per the modern accounting APPROACH : Debit if there is an increase in assets, expenses or losses and credit if there is decrease in assets, expenses and losses.

Explanation:

follow me mark as BRAINEST

Discussion

7.	My question is journal entry is proprietor with draw ₹ 8000
Answer» ANSWER: dr friend Explanation: Please MAKE UR question clear so that v could help U.....

7.

My question is journal entry is proprietor with draw ₹ 8000

Answer»

ANSWER:

dr friend

Explanation:

Please MAKE UR question clear

so that v could help U.....

Discussion

8.	Sourav paid for office cleaning in cash. He made the following entry in his general ledger:-(Debit: Creditorsand Credit : Office Cleaning Expense) Is it Correct?
Answer» ANSWER: sorry Explanation: I have not MUCH TIME

8.

Sourav paid for office cleaning in cash. He made the following entry in his general ledger:-(Debit: Creditorsand Credit : Office Cleaning Expense) Is it Correct?

Answer»

ANSWER:

sorry

Explanation:

I have not MUCH TIME

Discussion

9.	mr.karan ,accountant at m/s das &das follows different methods of inventory valuation every year.Which of the following attributes of accounting information would be affected due to practice adopted by Mr.karan above?
Answer» ANSWER: Consistency Explanation: because it's CHANGE method of inventory VALUATION every YEAR.

9.

mr.karan ,accountant at m/s das &das follows different methods of inventory valuation every year.Which of the following attributes of accounting information would be affected due to practice adopted by Mr.karan above?

Answer»

ANSWER:

Consistency

Explanation:

because it's CHANGE method of inventory VALUATION every YEAR.

Discussion

10.	Solution of the realization ac and bank ac
Answer» ANSWER: which QUESTION did you WANT

10.

Solution of the realization ac and bank ac

Answer»

ANSWER:

which QUESTION did you WANT

Discussion

11.	Amitbhai and Narendrabhai are in Partnership Sharing Profits and Losses equally. Fromthe following Trial Balance and Adjustments given below, you are required to prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as on that date.Trial Balance as on 31st March, 2019 Debit Balance Amount ` Credit Balance Amount `Plant & Machinery 2,80,000 Capital A/c :Factory Building 75,000 Amitbhai 3,50,000 Sundry Debtors 28,700 Narendrabhai 3,00,000Purchases 85,500 Sales 1,80,000Bad Debts 500 Bills Payable 8,500 Sales Return 2,200 Discount 1,200 10% Govt. Bond 40,000 Creditors 38,500(Purchased on 1st Oct, 2018) R.D.D. 2,700 Import Duty 1,800 Bank Loan 15,000 Legal Charges 2,000 Purchases Return 2,000Motive Power 12,000Warehouse Rent 1,800 Cash in Hand 20,000 Cash at Bank 70,000 Advertisement 10,000(for 2 years, w.e.f 1st Jan 2019) Salaries 3,800 Rent 1,500Drawings : Amitbhai 2,400Narendrabhai 3,200 Furniture 1,95,800Bills Receivable 20,700 Free hold Property 41,0008,97,900 8,97,900
Answer» Amitbhai and Narendrabhai are in Partnership Sharing Profits and Losses equally Explanation: Trial Balance of 31 March 2019 Debit balance Amount Credit Balance Amount (INR ₹) (INR ₹) Plant & machinery 2,80,000 Capital A/c: Factory & Building 75,000 Amitbhai 3,50,000 Sundry Debtors 28,700 Narendrabhai 3,00,000 Purchases 85,500 Sales 1,80,000 Bad Debts 500 BILLS Payable 8,500 Sales Return 2,200 Discount 1,200 10% Govt Bond 40,000 Creditors 38,500 Import Duty 1,800 RDD 2,700 Legal Charges 2,000 Bank Loan 15,000 Motive Power 12,000 Purchases Return 2,000 Warehouse Rent 1,800 Cash in Hand 20,000 Cash at Bank 70,000 Advertisement 10,000 (for 2 years, w.e.f 1st JAN) Drawings: Amitbhai 2,400 Narendrabhai 3,200 Salaries 3,800 Rent 1,500 Furniture 1,95,800 Bills Receivable 20,700 Freehold Property 41,000 __________________________________________________________ 8,97,900 8,97,900 ____________________________________________________________________________________________________________________ Adjustments Stock on hand on 31 March 2019 valued at ₹ 43,000. Uninsured goods worth ₹ 8,000 were stolen. Mr. Patil, customer becomes insolvent & could not PAY his debts of ₹ 500. Create R.D.D at 2% on Sundry debtors. Depreciate Furniture by ₹ 1,800 & Factory Building by ₹ 2,500 Outstanding Expenses - Salaries ₹ 300 & Rent ₹ 800 ________________________________________________________ In the books of Amitbhai and Narendrabhai Trading and Profit and Loss Account for the year ended on 31st March 2019 Dr Cr Particulars Amt. Amt. Particulars Amt Amt To Purchases 85,500 By Sales 1,80,000 Less: Less: Purchase Return 2,000 83,500 Sales Return 2,200 1,77,800 To Import Duty 1,800 By Closing Stock 43,000 To Motive Power 12,000 By Goods Stolen 8,000 To Depreciation: Factory Building 2,500 To Gross Profit c/d 1,29,000 __________________________________________________________ 2,28,800 2,28,800 __________________________________________________________ To Bad debts 500 o/s Int.on GB 2,000 Add: To New Bad debts 500 By R.B.D.D. A/c 1,136 (Excess Reserve) (2,700 – 1,564) Add: New Reserve 564 1,564 Less: Old Reserve 2,700 To Legal Charges 2,000 To Ad Expenses 10,000 less: Prepaid Adv Exp. 8,750 1,250 To Salaries 3,800 Add: O/s Salaries 300 4,100 To Rent 1,500 Add: O/s Rent 800 2,300 To Dep on Furniture 1,800 To Loss due to Theft 8,000 To Net Profit Transferred to Capital A/c : Amitbhai 56,043 Narendrabhai 56,043 1,12,086 __________________________________________________________ 1,33,336 1,33,336 _________________________________________________________ For Balance Sheet Please REFER attachment Notes for Balance Sheet: Import duty, Motive power, and Depreciation on Factory building are recorded in the Trading A/c. 10 % govt. bond is an investment. It was purchased on 1 – 10 – 2018. INTEREST is calculated for six months. Interest on Govt. Bond = 40000 × 6/12 × 0.10 = ₹ 2,000 Adv. exp. paid for 2 years from 01 – 01 – 2019. Up to 31 – 3 – 2019, 3 months adv. exp. is written off to Profit and Loss A/c. It is calculated as below : 10, 000 × 3 = ₹ 1,250 Prepaid adv. exp. 10,000 – 1,250 = ₹ 8,750

11.

Amitbhai and Narendrabhai are in Partnership Sharing Profits and Losses equally. Fromthe following Trial Balance and Adjustments given below, you are required to prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as on that date.Trial Balance as on 31st March, 2019 Debit Balance Amount ` Credit Balance Amount `Plant & Machinery 2,80,000 Capital A/c :Factory Building 75,000 Amitbhai 3,50,000 Sundry Debtors 28,700 Narendrabhai 3,00,000Purchases 85,500 Sales 1,80,000Bad Debts 500 Bills Payable 8,500 Sales Return 2,200 Discount 1,200 10% Govt. Bond 40,000 Creditors 38,500(Purchased on 1st Oct, 2018) R.D.D. 2,700 Import Duty 1,800 Bank Loan 15,000 Legal Charges 2,000 Purchases Return 2,000Motive Power 12,000Warehouse Rent 1,800 Cash in Hand 20,000 Cash at Bank 70,000 Advertisement 10,000(for 2 years, w.e.f 1st Jan 2019) Salaries 3,800 Rent 1,500Drawings : Amitbhai 2,400Narendrabhai 3,200 Furniture 1,95,800Bills Receivable 20,700 Free hold Property 41,0008,97,900 8,97,900

Answer»

Amitbhai and Narendrabhai are in Partnership Sharing Profits and Losses equally

Explanation:

Trial Balance of 31 March 2019

Debit balance Amount Credit Balance Amount

(INR ₹) (INR ₹)

Plant & machinery 2,80,000 Capital A/c:

Factory & Building 75,000 Amitbhai 3,50,000

Sundry Debtors 28,700 Narendrabhai 3,00,000

Purchases 85,500 Sales 1,80,000

Bad Debts 500 BILLS Payable 8,500

Sales Return 2,200 Discount 1,200

10% Govt Bond 40,000 Creditors 38,500

Import Duty 1,800 RDD 2,700

Legal Charges 2,000 Bank Loan 15,000

Motive Power 12,000 Purchases Return 2,000

Warehouse Rent 1,800

Cash in Hand 20,000

Cash at Bank 70,000

Advertisement 10,000

(for 2 years, w.e.f 1st JAN)

Drawings:

Amitbhai 2,400

Narendrabhai 3,200

Salaries 3,800

Rent 1,500

Furniture 1,95,800

Bills Receivable 20,700

Freehold Property 41,000

__________________________________________________________

8,97,900 8,97,900

____________________________________________________________________________________________________________________

Adjustments

Stock on hand on 31 March 2019 valued at ₹ 43,000.
Uninsured goods worth ₹ 8,000 were stolen.
Mr. Patil, customer becomes insolvent & could not PAY his debts of ₹ 500.
Create R.D.D at 2% on Sundry debtors.
Depreciate Furniture by ₹ 1,800 & Factory Building by ₹ 2,500
Outstanding Expenses - Salaries ₹ 300 & Rent ₹ 800

________________________________________________________

In the books of Amitbhai and Narendrabhai Trading and Profit and Loss Account for the year ended on 31st March 2019

Dr Cr

Particulars Amt. Amt. Particulars Amt Amt

To Purchases 85,500 By Sales 1,80,000

Less: Less:

Purchase Return 2,000 83,500 Sales Return 2,200 1,77,800

To Import Duty 1,800 By Closing Stock 43,000

To Motive Power 12,000 By Goods Stolen 8,000

To Depreciation:

Factory Building 2,500

To Gross Profit c/d 1,29,000

__________________________________________________________

2,28,800 2,28,800

__________________________________________________________

To Bad debts 500 o/s Int.on GB 2,000

Add:

To New Bad debts 500 By R.B.D.D. A/c 1,136

(Excess Reserve)

(2,700 – 1,564)

Add: New Reserve 564

1,564

Less: Old Reserve 2,700

To Legal Charges 2,000

To Ad Expenses 10,000

less: Prepaid Adv Exp. 8,750 1,250

To Salaries 3,800

Add: O/s Salaries 300 4,100

To Rent 1,500

Add: O/s Rent 800 2,300

To Dep on Furniture 1,800

To Loss due to Theft 8,000

To Net Profit Transferred

to Capital A/c :

Amitbhai 56,043

Narendrabhai 56,043 1,12,086

__________________________________________________________

1,33,336 1,33,336

_________________________________________________________

For Balance Sheet Please REFER attachment

Notes for Balance Sheet:

Import duty, Motive power, and Depreciation on Factory building are recorded in the Trading A/c.
10 % govt. bond is an investment. It was purchased on 1 – 10 – 2018. INTEREST is calculated for six months. Interest on Govt. Bond = 40000 × 6/12 × 0.10 = ₹ 2,000
Adv. exp. paid for 2 years from 01 – 01 – 2019. Up to 31 – 3 – 2019, 3 months adv. exp. is written off to Profit and Loss A/c. It is calculated as below : 10, 000 × 3 = ₹ 1,250
Prepaid adv. exp. 10,000 – 1,250 = ₹ 8,750

Discussion

12.	Regression co efficient
Answer» Answer: Regression COEFFICIENT is a STATISTICAL measure of the average functional RELATIONSHIP between TWO or more variables. In regression analysis, one variable is considered as dependent and other(s) as independent. Thus, it measures the degree of dependence of one variable on the other(s)..... hope it helps you

12.

Regression co efficient

Answer»

Answer:

Regression COEFFICIENT is a STATISTICAL measure of the average functional RELATIONSHIP between TWO or more variables. In regression analysis, one variable is considered as dependent and other(s) as independent. Thus, it measures the degree of dependence of one variable on the other(s).....

hope it helps you

Discussion

13.	Hlo guys plz solve this question of corporate accountancy.
Answer» ANSWER: IAM not UNDERSTAND CORPORATE ACCOUNTANCY

13.

Hlo guys plz solve this question of corporate accountancy.

Answer»

ANSWER:

IAM not UNDERSTAND CORPORATE ACCOUNTANCY

Discussion

14.	A, B and C have capitals of rupees 20000 ,10000 and 4000 respectively on which they are entitled to interest at 5% per annum the profit in the year before charging interest on capital amounted to rupees 1100 prepare profit and loss appropriation account and partners capital account interest on capital is paid and profit and losses are equally
Answer» INTEREST on capital of X = 1,000 Y = 500 Z = 200 Explanation: Working Note- Calculation of Interest on Capitals X = 20,000 x $\frac{5}{100}$ => 1,000 Y = 10,000 x $\frac{5}{100}$ => 500 Z = 4000 x $\frac{5}{100}$ => 200 So, the total of Interest of Capital provided by the firm is => 1,000+500+200 = 1,700 In this case we see That the firm MADE a PROFIT of Rs.1,100 But the Interest of Capital which the Firm has to provide is Rs.1,700 So, In this case as per the Accounting Standards the Interest of Capital is not Provided Hence, The profit will be Distributed Equally Which is 20,000 : 10,000 : 4,000 20 : 10 : 4 10 : 5 : 2 P&L Appropriation A/C Dr. 1,100 To X's Capital A/C 366 To Y's Capital A/C 367 To Z's Capital A/C 367 ( Being Profit Distributed)

14.

A, B and C have capitals of rupees 20000 ,10000 and 4000 respectively on which they are entitled to interest at 5% per annum the profit in the year before charging interest on capital amounted to rupees 1100 prepare profit and loss appropriation account and partners capital account interest on capital is paid and profit and losses are equally

Answer»

INTEREST on capital of X = 1,000

Y = 500

Z = 200

Explanation:

Working Note-

Calculation of Interest on Capitals

X = 20,000 x $\frac{5}{100}$

=> 1,000

Y = 10,000 x $\frac{5}{100}$

=> 500

Z = 4000 x $\frac{5}{100}$

=> 200

So, the total of Interest of Capital provided by the firm is

=> 1,000+500+200

= 1,700

In this case we see That the firm MADE a PROFIT of Rs.1,100

But the Interest of Capital which the Firm has to provide is Rs.1,700

So,

In this case as per the Accounting Standards the Interest of Capital is not Provided

Hence,

The profit will be Distributed Equally

Which is

20,000 : 10,000 : 4,000

20 : 10 : 4

10 : 5 : 2

P&L Appropriation A/C Dr. 1,100

To X's Capital A/C 366

To Y's Capital A/C 367

To Z's Capital A/C 367

( Being Profit Distributed)

Discussion

15.	Which of the following formulas properly produces the string ""Income Statement""?
Answer» EXPLANATION: INCOME + STATEMENT = income statement

15.

Which of the following formulas properly produces the string ""Income Statement""?

Answer»

EXPLANATION:

INCOME + STATEMENT = income statement

Discussion

16.	if owner's capital is 305000, liabilities are 125000, creditors are 12000, calculate the total assets of the business
Answer» Answer: TOTAL ASSETS = RS. 4,42,000. Explanation: =×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×= See The Attachment My FRIEND.... =×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=

16.

if owner's capital is 305000, liabilities are 125000, creditors are 12000, calculate the total assets of the business

Answer»

Answer:

TOTAL ASSETS = RS. 4,42,000.

Explanation:

=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=

See The Attachment My FRIEND....

=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=×=

Discussion

17.	Which of the following is not an objective of accounting? * To maintain records of the business. To provide information about the assets, liabilities and capital of the enterprise. To provide information about the private assets and liabilities of the proprietor To provide information regarding the profit and loss of the enterprise.
Answer» Answer: To provide INFORMATION about the private ASSETS and LIABILITIES of the proprietor

17.

Which of the following is not an objective of accounting? * To maintain records of the business. To provide information about the assets, liabilities and capital of the enterprise. To provide information about the private assets and liabilities of the proprietor To provide information regarding the profit and loss of the enterprise.

Answer»

Answer:

To provide INFORMATION about the private ASSETS and LIABILITIES of the proprietor

Discussion

18.	Business started with cash rs.1,50,000 stock rs.50,000 and furniture 25000. Calculate the amount of capital?
Answer» ANSWER: First of all we ADDED all assets = liabilities so. 1,50,000+50,000+25,000=2,25,000 Explanation: Any doubt PLZ COMMENTS

18.

Business started with cash rs.1,50,000 stock rs.50,000 and furniture 25000. Calculate the amount of capital?

Answer»

ANSWER:

First of all we ADDED all assets = liabilities

so. 1,50,000+50,000+25,000=2,25,000

Explanation:

Any doubt PLZ COMMENTS

Discussion

19.	Show accounting equation forBought goods for Rs5000 and deposited the money in CDM
Answer» EXPLANATION: *qhbwhsb* d *ddbbbjjdhdddjdndksos*.....njjjjjnnnnnnjjjjjjjjjjjjheyyyyyy

19.

Show accounting equation forBought goods for Rs5000 and deposited the money in CDM

Answer»

EXPLANATION:

qhbwhsb d ddbbbjjdhdddjdndksos.....njjjjjnnnnnnjjjjjjjjjjjjheyyyyyy

Discussion

20.	Rs 500 owing by prasad written off as bad debt journal enrty
Answer» Explanation: Bad debts a/c DR 500 To PRASAD a/c amt which is not receivable from debtors is CALLED Bad debts so we debted as an LOSS and credited to prasad a/c

20.

Rs 500 owing by prasad written off as bad debt journal enrty

Answer»

Explanation:

Bad debts a/c DR 500

To PRASAD a/c

amt which is not receivable from debtors is CALLED Bad debts so we debted as an LOSS and credited to prasad a/c

Discussion

21.	20000 of debtors are bad and a provision of 5% was to be created for doubtful debts
Answer» ANSWER: what is mean by CBSE Class 10th Result 2021 Live Updates: Class 10 CBSE result date at cbseresults.nic.in Factorise 8x^3+y^3+Z^3-6xyz using identity brainly.in/question/13052882 Factorise 4 x square + 9 y square + 16 z square + 12 x y - 24 Y Z - 16 X Z brainly.in/question/5027181 Factorise 1+64x^3 plz help me brainly.in/question/4653673 Explanation: STAY home stay safe stay happy stay HEALTHY

21.

20000 of debtors are bad and a provision of 5% was to be created for doubtful debts

Answer»

ANSWER: what is mean by CBSE Class 10th Result 2021 Live Updates: Class 10 CBSE result date at cbseresults.nic.in

Factorise 8x^3+y^3+Z^3-6xyz using identity

brainly.in/question/13052882

Factorise 4 x square + 9 y square + 16 z square + 12 x y - 24 Y Z - 16 X Z

brainly.in/question/5027181

Factorise 1+64x^3 plz help me

brainly.in/question/4653673

Explanation:

STAY home stay safe stay happy stay HEALTHY

Discussion

22.	3. Calculate the amount of subscriptions received during the year ended 31st March, 2019from the following information :Income from subscriptions for the current year * 16,500, the other relevant information is :Particulars(a) Subscriptions outstanding on 31st March, 20181.050(b) Subscriptions received in advance on 31st March, 2018860(c) Subscriptions outstanding on 31st March, 20191,040(d) Subscriptions received in advance on 31st March, 2019550[Ans. 16,200
Answer» Answer: 16,200 mark as brainlest

22.

3. Calculate the amount of subscriptions received during the year ended 31st March, 2019from the following information :Income from subscriptions for the current year * 16,500, the other relevant information is :Particulars(a) Subscriptions outstanding on 31st March, 20181.050(b) Subscriptions received in advance on 31st March, 2018860(c) Subscriptions outstanding on 31st March, 20191,040(d) Subscriptions received in advance on 31st March, 2019550[Ans. 16,200

Answer»

Answer:

16,200

mark as brainlest

Discussion

23.	According to which principle the same accounting methods shuld be used each year
Answer» ANSWER: Consistency principle requires that the same ACCOUNTING METHOD should be used from one accounting PERIOD to the next. I HOPE THIS WILL HELP YOU THANKS!

23.

According to which principle the same accounting methods shuld be used each year

Answer»

ANSWER:

Consistency principle requires that the same ACCOUNTING METHOD should be used from one accounting PERIOD to the next.

I HOPE THIS WILL HELP YOU

THANKS!

Discussion

24.	If trial balance is not prepared in a systematic way, the final accounts prepared on the basis oftrial balance may not depict the actual state of affairs of the concern. What is trial balance?
Answer» Answer: hi I would be FOUND in a few minutes AGO J to explore the other SIDE the other side the other side the other side the other side the other side the other side I am Love ❣️❤️❤️♥️

24.

If trial balance is not prepared in a systematic way, the final accounts prepared on the basis oftrial balance may not depict the actual state of affairs of the concern. What is trial balance?

Answer»

Answer:

hi I would be FOUND in a few minutes AGO J to explore the other SIDE the other side the other side the other side the other side the other side the other side I am Love ❣️❤️❤️♥️

Discussion

25.	What do you meant by goods?
Answer» Answer: Explanation: Goods are items that are USUALLY (but not always) tangible, such as pens, salt, apples, and hats. SERVICES are ACTIVITIES provided by other people, who include DOCTORS, lawn care workers, dentists, barbers, WAITERS, or online servers, a book, a digital videogame or a digital movie

25.

What do you meant by goods?

Answer»

Answer:

Explanation:

Goods are items that are USUALLY (but not always) tangible, such as pens, salt, apples, and hats. SERVICES are ACTIVITIES provided by other people, who include DOCTORS, lawn care workers, dentists, barbers, WAITERS, or online servers, a book, a digital videogame or a digital movie

Discussion

26.	Ledger account is a summary of statement of all transactions relating to a person, asset, liability expense or income. From the transactions recorded in the journal, ledger is prepared. What is meant by posting?
Answer» bookkeeping and accounting, a ledger is a book (or record) for collecting historical transaction data from a journal and organizing entries by account. The ledger provides the transaction history and current balance in each accounting system account, throughout the accounting period. At the end of the period, ledgers, therefore, serve as the authoritative source of data for building a firm's financial accounting reports. The Income statement is mostly a summary of account activity for the period in the firm's Revenue and Expense ACCOUNTS. The Balance SHEET is mostly a summary of the current BALANCES in the firm's Assets, Liabilities, and Equities accounts, as they stand at the period end. Sections below further define, explain and illustrate ledger in context with related terms and concepts, emphasizing three themes: First, the ledger's role in the accounting cycle, the NATURE of posting, and practices in "continuous accounting." Second, how firms record and organize transactions of various kinds through the jJournal, Sub-Ledger, and General Ledger. Third, Ledger structure and contents, including the T-account Structure

26.

Ledger account is a summary of statement of all transactions relating to a person, asset, liability expense or income. From the transactions recorded in the journal, ledger is prepared. What is meant by posting?

Answer»

bookkeeping and accounting, a ledger is a book (or record) for collecting historical transaction data from a journal and organizing entries by account.

The ledger provides the transaction history and current balance in each accounting system account, throughout the accounting period. At the end of the period, ledgers, therefore, serve as the authoritative source of data for building a firm's financial accounting reports.

The Income statement is mostly a summary of account activity for the period in the firm's Revenue and Expense ACCOUNTS.

The Balance SHEET is mostly a summary of the current BALANCES in the firm's Assets, Liabilities, and Equities accounts, as they stand at the period end.

Sections below further define, explain and illustrate ledger in context with related terms and concepts, emphasizing three themes:

First, the ledger's role in the accounting cycle, the NATURE of posting, and practices in "continuous accounting."

Second, how firms record and organize transactions of various kinds through the jJournal, Sub-Ledger, and General Ledger.

Third, Ledger structure and contents, including the T-account Structure

Discussion

27.	Diffrence between hour worked or hour paid
Answer» Answer: The key difference between salaried and hourly EMPLOYEES is how they get compensated for their work. Employees who work on an hourly BASIS get PAID for every hour that they perform their job and have the right to receive overtime pay if more than 40 HOURS is worked Explanation: mark me as the BRAINLIEST and follow me

27.

Diffrence between hour worked or hour paid

Answer»

Answer:

The key difference between salaried and hourly EMPLOYEES is how they get compensated for their work. Employees who work on an hourly BASIS get PAID for every hour that they perform their job and have the right to receive overtime pay if more than 40 HOURS is worked

Explanation:

mark me as the BRAINLIEST and follow me

Discussion

28.	What is accounting rule for nominal accounts?
Answer» Answer: NOMINAL Account: The rule RELATED to nominal account STATES that debit all EXPENSES and losses, credit all incomes and gains. Explanation: HOPE IT HELPS YOU :) ☺️☺️☺️

28.

What is accounting rule for nominal accounts?

Answer»

Answer:

NOMINAL Account:

The rule RELATED to nominal account STATES that debit all EXPENSES and losses, credit all incomes and gains.

Explanation:

HOPE IT HELPS YOU :) ☺️☺️☺️

Discussion

29.	Machinery was 5,000, which is included in freight on purchases.i Commission is payable at 2% on Salesiv) Investments were sold at 10% profit, but the entire sales proceeds have been taken as Sales.v) Write off Bad Debts * 10.000 and create a provision for Doubtful Debts at 5% of Debtors
Answer» ANSWER: answer is 5% because the PROFIT is 5% and the 2% 10% and then 10.00 is CREATED the 5% so the answer is 5% I think my answer is WRONG but you can also search and ask ANYONE

29.

Machinery was 5,000, which is included in freight on purchases.i Commission is payable at 2% on Salesiv) Investments were sold at 10% profit, but the entire sales proceeds have been taken as Sales.v) Write off Bad Debts * 10.000 and create a provision for Doubtful Debts at 5% of Debtors

Answer»

ANSWER:

answer is 5% because the PROFIT is 5% and the 2% 10% and then 10.00 is CREATED the 5% so the answer is 5% I think my answer is WRONG but you can also search and ask ANYONE

Discussion

30.	PARASINSTITUTE OF COMMERCE PVT. LTD.Q24.[SM4.3] The following are some of the transaction of M/s Kishore & Sons of the year 2017 as pertheir Waste Book. Make out their Sales Book.Sold to M/s. Gupta & Verma on credit:30 shirts @ Rs.800 per shirt.20 trousers @ Rs.1,000 per trouser.Less: Trade Discount @ 10%Sold furniture to M/s. Sehgal & Co. on credit Rs.8,000.Sold 50 shirts of M/s. Jain & Sons @ Rs.800 per shirt.Sold 13 shirts to Cheap Stores @ Rs.750 each for cash.Sold on credit to M/s. Mathur & Jain.100 shirts @ Rs.750 per shirt10 overcoats @ Rs.5,000 per overcoat.Less: Trade Discount @ 10%
Answer» ANSWER: AWM SNIPPER AMO MP40 SMG

30.

PARASINSTITUTE OF COMMERCE PVT. LTD.Q24.[SM4.3] The following are some of the transaction of M/s Kishore & Sons of the year 2017 as pertheir Waste Book. Make out their Sales Book.Sold to M/s. Gupta & Verma on credit:30 shirts @ Rs.800 per shirt.20 trousers @ Rs.1,000 per trouser.Less: Trade Discount @ 10%Sold furniture to M/s. Sehgal & Co. on credit Rs.8,000.Sold 50 shirts of M/s. Jain & Sons @ Rs.800 per shirt.Sold 13 shirts to Cheap Stores @ Rs.750 each for cash.Sold on credit to M/s. Mathur & Jain.100 shirts @ Rs.750 per shirt10 overcoats @ Rs.5,000 per overcoat.Less: Trade Discount @ 10%

Answer»

ANSWER:

AWM SNIPPER AMO

MP40 SMG

Discussion

31.	Debit note and credit note an not be considered as the source documents in the business
Answer» A debit NOTE is a source document that is prepared when GOODS are returned to a supplier. It contains the name of the party (supplier) whose account has been debited, along with the AMOUNT and details of the bill and the reason for the debit, in reference to which his account has been debited. When goods are returned by a customer, a credit note is SENT to the customer, indicating that his/her account has been credited in our books. A duplicate copy is retained with the supplier. It is ALSO issued when any further discount is allowed to the customer.

31.

Debit note and credit note an not be considered as the source documents in the business

Answer»

A debit NOTE is a source document that is prepared when GOODS are returned to a supplier. It contains the name of the party (supplier) whose account has been debited, along with the AMOUNT and details of the bill and the reason for the debit, in reference to which his account has been debited.

When goods are returned by a customer, a credit note is SENT to the customer, indicating that his/her account has been credited in our books. A duplicate copy is retained with the supplier. It is ALSO issued when any further discount is allowed to the customer.

Discussion

32.	PARASINSTITUTE OF COMMERCE PVT. LTD.Q24. [SM4.3] The following are some of the transaction of M/s Kishore & Sons of the year 2017 as pertheir Waste Book. Make out their Sales Book.Sold to M/s. Gupta & Verma on credit:30 shirts @ Rs.800 per shirt.20 trousers @ Rs.1,000 per trouser.Less: Trade Discount @ 10%Sold furniture to M/s. Sehgal & Co. on credit Rs.8,000.Sold 50 shirts of M/s. Jain & Sons @ Rs.800 per shirt.Sold 13 shirts to Cheap Stores @ Rs.750 each for cash.Sold on credit to M/s. Mathur & Jain.100 shirts @ Rs.750 per shirt10 overcoats @ Rs.5,000 per overcoat.
Answer» ANSWER: OH w2i iCloud ICU PICK rack pick IDK

32.

PARASINSTITUTE OF COMMERCE PVT. LTD.Q24. [SM4.3] The following are some of the transaction of M/s Kishore & Sons of the year 2017 as pertheir Waste Book. Make out their Sales Book.Sold to M/s. Gupta & Verma on credit:30 shirts @ Rs.800 per shirt.20 trousers @ Rs.1,000 per trouser.Less: Trade Discount @ 10%Sold furniture to M/s. Sehgal & Co. on credit Rs.8,000.Sold 50 shirts of M/s. Jain & Sons @ Rs.800 per shirt.Sold 13 shirts to Cheap Stores @ Rs.750 each for cash.Sold on credit to M/s. Mathur & Jain.100 shirts @ Rs.750 per shirt10 overcoats @ Rs.5,000 per overcoat.

Answer»

ANSWER:

OH w2i iCloud ICU PICK rack pick IDK

Discussion

33.	Prevor AccountEquations from The followingsTronsactions1) Started business with cash 1250000andequipment Rs 7500002 soow2) Deposited Indo Banic E 45oow8) Purchased machinery and payment by chequesof Elsoow4) Goods purchased for cash i 250000 andon credit E 650oo.7 Goodssold for cash E 1500w Cosby E1000W,6) cash paid to Chalitun100007) Raud for stationery & 4000, Salary & 26000and electricity bill t loowBanic allowed Interest e soonReceived Rent È3oow and commissionReceived E 200w10) withdown cash fromBonil our personaluse E 200W,e
Answer» ANSWER: cncncmcmcmcmckckckc

33.

Prevor AccountEquations from The followingsTronsactions1) Started business with cash 1250000andequipment Rs 7500002 soow2) Deposited Indo Banic E 45oow8) Purchased machinery and payment by chequesof Elsoow4) Goods purchased for cash i 250000 andon credit E 650oo.7 Goodssold for cash E 1500w Cosby E1000W,6) cash paid to Chalitun100007) Raud for stationery & 4000, Salary & 26000and electricity bill t loowBanic allowed Interest e soonReceived Rent È3oow and commissionReceived E 200w10) withdown cash fromBonil our personaluse E 200W,e

Answer»

ANSWER:

cncncmcmcmcmckckckc

Discussion

34.	Cash basis of accounting is suitable for professionals.true or false?
Answer» ANSWER: false Explanation: PLEASE please MAKE me BRAINLIST answer .

34.

Cash basis of accounting is suitable for professionals.true or false?

Answer»

ANSWER:

false

Explanation:

PLEASE please MAKE me BRAINLIST answer .

Discussion

35.	Which one of the following is not a user of accounting information?
Answer» ANSWER: Hereis your answer buddy Employees who do not have a hand in core management of the BUSINESS are CONSIDERED external users of accounting INFORMATION. They are INTERESTED in financial information because their present and future is tied up with the success or failure of the business. Thanks...

35.

Which one of the following is not a user of accounting information?

Answer»

ANSWER:

Hereis your answer buddy

Employees who do not have a hand in core management of the BUSINESS are CONSIDERED external users of accounting INFORMATION. They are INTERESTED in financial information because their present and future is tied up with the success or failure of the business.

Thanks...

Discussion

36.	Can anyone pleas help me 55 points awarded. But my accounts should be tallied.man i am dead if i dont submit this
Answer» ANSWER: This is very WRONG you SHALL do your ASSINGMENTS by your SELF

36.

Can anyone pleas help me 55 points awarded. But my accounts should be tallied.man i am dead if i dont submit this

Answer»

ANSWER:

This is very WRONG you SHALL do your ASSINGMENTS by your SELF

Discussion

37.	Plese help me with 1b and 2b
Answer» ANSWER: What is this I do now SORRY

37.

Plese help me with 1b and 2b

Answer»

ANSWER:

What is this I do now SORRY

Discussion

38.	Please can you help me solve this
Answer» JAI MAHAKAAL MARK me as BRAINLIST

38.

Please can you help me solve this

Answer»

JAI MAHAKAAL

MARK me as BRAINLIST

Discussion

39.	Which one of the following is not correctly matched (a) Journal - Ledger Folio (b) Ledger - Journal Folio (c) Purchase book - Invoice number(d) Sales returns book - Debit note number
Answer» EXPLANATION: Its (D) because in place of sales there will be PURCHASE RETURN book only in purchase Return book will get debit NOTE no...

39.

Which one of the following is not correctly matched (a) Journal - Ledger Folio (b) Ledger - Journal Folio (c) Purchase book - Invoice number(d) Sales returns book - Debit note number

Answer»

EXPLANATION:

Its (D)

because in place of sales there will be PURCHASE RETURN book only in purchase Return book will get debit NOTE no...

Discussion

40.	Chapter 1st of accountancy class 11th
Answer» whdhe Explanation: bdbbsjdrjrbr. ebsbbajajajsjsbd

40.

Chapter 1st of accountancy class 11th

Answer»

whdhe

Explanation:

bdbbsjdrjrbr. ebsbbajajajsjsbd

Discussion

41.	Chapter 1st of Commerce
Answer» In the general sense, COMMERCE is a term that RELATES to all the activities that are responsible for the transfer of goods and services, preferably from PRODUCERS to consumers. In Business CHAPTER 1 CLASS 11 Notes, this particular business activity is also represented in the format of a chart.

41.

Chapter 1st of Commerce

Answer»

In the general sense, COMMERCE is a term that RELATES to all the activities that are responsible for the transfer of goods and services, preferably from PRODUCERS to consumers. In Business CHAPTER 1 CLASS 11 Notes, this particular business activity is also represented in the format of a chart.

Discussion

42.	3. Prove that the accounting equation is satisfied in all the following transeSuresh and prepare balance sheet at the end(1) Commenced business with cash 780,000 and bank balance 40,000.(ii) Cash withdrawn from bank for office use ? 15,000.(iii) Internet bill paid in cash 39,000.(iv) Commission received by cheque 21,000.(v) Cash withdrawn from bank for personal use ? 11,000.(vi) Additional capital introduced 24,000.(vii) Charged interest on drawings ? 2,000.
Answer» Answer: Business assets include money in the bank, EQUIPMENT, inventory, accounts receivable and other SUMS that are OWED to your company. When a business owner withdraws cash from his business, the portion of the company's assets made up of cash on hand decreases.

42.

3. Prove that the accounting equation is satisfied in all the following transeSuresh and prepare balance sheet at the end(1) Commenced business with cash 780,000 and bank balance 40,000.(ii) Cash withdrawn from bank for office use ? 15,000.(iii) Internet bill paid in cash 39,000.(iv) Commission received by cheque 21,000.(v) Cash withdrawn from bank for personal use ? 11,000.(vi) Additional capital introduced 24,000.(vii) Charged interest on drawings ? 2,000.

Answer»

Answer:

Business assets include money in the bank, EQUIPMENT, inventory, accounts receivable and other SUMS that are OWED to your company. When a business owner withdraws cash from his business, the portion of the company's assets made up of cash on hand decreases.

Discussion

43.	Point out the wrong statement in the following statement: (a) Sales book is meant for recording sales of goods on credit(b) Purchase book is meant for recording purchases of goods on credit (c) Petty cash book is meant for recording small expenses (d) Pass book is meant for recording all expense
Answer» Answer: PASS book is MEANT for recording all EXPENSES is WRONG

43.

Point out the wrong statement in the following statement: (a) Sales book is meant for recording sales of goods on credit(b) Purchase book is meant for recording purchases of goods on credit (c) Petty cash book is meant for recording small expenses (d) Pass book is meant for recording all expense

Answer»

Answer:

PASS book is MEANT for recording all EXPENSES is WRONG

Discussion

44.	If debt is 220 cash balance is 20 and equity is 300 then the gearing ratio isAnswer is 40 please explain how?
Answer» Answer: Answers4u Genius In this case, gearing ratio = (220/300) = 0.73 which is a good gearing ratio. Any financial ratio which highlights the EFFICIENCY of a business in utilising borrowed FUNDS come into the category of gearing ratios. The total AMOUNT of DEBT is divided by equity capital to find the gearing ratio of a business. Examples of gearing ratios – Interest EARNED ratio = ( earning before income tax/total interest). Debt-equity ratio = ( total debt/ total equity). Debt ratio = (total debts/total assets). Equity ratio =(total equity/total assets

44.

If debt is 220 cash balance is 20 and equity is 300 then the gearing ratio isAnswer is 40 please explain how?

Answer»

Answer:

Answers4u Genius

In this case, gearing ratio = (220/300) = 0.73 which is a good gearing ratio.

Any financial ratio which highlights the EFFICIENCY of a business in utilising borrowed FUNDS come into the category of gearing ratios. The total AMOUNT of DEBT is divided by equity capital to find the gearing ratio of a business.

Examples of gearing ratios –

Interest EARNED ratio = ( earning before income tax/total interest).

Debt-equity ratio = ( total debt/ total equity).

Debt ratio = (total debts/total assets).

Equity ratio =(total equity/total assets

Discussion

45.	A company pay off all its creditors. The effect of this in accounting equation is a/an (a) increase in asset and decrease in liability (b) increase in liability and decrease in asset (c) decrease in asset and decrease in liability (d) decrease in asset and increase in liability
Answer» ANSWER: DECREASE in ASSET and decrease in LIABILITY

45.

A company pay off all its creditors. The effect of this in accounting equation is a/an (a) increase in asset and decrease in liability (b) increase in liability and decrease in asset (c) decrease in asset and decrease in liability (d) decrease in asset and increase in liability

Answer»

ANSWER:

DECREASE in ASSET and decrease in LIABILITY

Discussion

46.	Overload of working capital
Answer» Explanation: EXCESS working capital means that the working capital of a COMPANY is higher than the norm. Working capital means the amount of current assets that exceed the current liabilities of a company. PLEASE MARK me as BRAINLIST please

46.

Overload of working capital

Answer»

Explanation:

EXCESS working capital means that the working capital of a COMPANY is higher than the norm. Working capital means the amount of current assets that exceed the current liabilities of a company.

PLEASE MARK me as BRAINLIST please

Discussion

47.	Present the following items in the Balance Sheet of Queen's Club as at 31st March, 2019-Capital Fund (Ist Apnl. 2015)7 10 80.000Building Fund (1st April, 2015)480.000Donation receive for Building76,00,00010- - Building Fund Investments (1st April, 2015)34,80,000Interest received on Building Fund Investments48.000Expenditure on construction of building?3,60,000. The construction work is in progress and has notyet been completed3 Marks
Answer» ANSWER: balance SHEET liabilities side : 7768000 capital FUND : 71440000 assets side : building fund INVESTMENT = 3480000 building investment = 360000

47.

Present the following items in the Balance Sheet of Queen's Club as at 31st March, 2019-Capital Fund (Ist Apnl. 2015)7 10 80.000Building Fund (1st April, 2015)480.000Donation receive for Building76,00,00010- - Building Fund Investments (1st April, 2015)34,80,000Interest received on Building Fund Investments48.000Expenditure on construction of building?3,60,000. The construction work is in progress and has notyet been completed3 Marks

Answer»

ANSWER:

balance SHEET

liabilities side : 7768000

capital FUND : 71440000

assets side : building fund INVESTMENT = 3480000

building investment = 360000

Discussion

48.	From the following prepare Income and Expenditure Account of R. K Sports Club for the year ended31st March, 2017RecriptsParimBalance bldAdministrative ExpensesRepairs00BankDonationsSubscriptionsLegacyMiscellaneous ReceiptsManaging Committee decided to treat 50% of donation and legacy as Capital Receipes and balance asrevenue receiptsC.B.S.E. 2006 AT Set I modified) (26 Marks
Answer» ANSWER: SORRY I am from up BOARD

48.

From the following prepare Income and Expenditure Account of R. K Sports Club for the year ended31st March, 2017RecriptsParimBalance bldAdministrative ExpensesRepairs00BankDonationsSubscriptionsLegacyMiscellaneous ReceiptsManaging Committee decided to treat 50% of donation and legacy as Capital Receipes and balance asrevenue receiptsC.B.S.E. 2006 AT Set I modified) (26 Marks

Answer»

ANSWER:

SORRY I am from up BOARD

Discussion

49.	Which stream is better for CA- commerce with maths or commerce with computer science?
Answer» Answer: Computer SCIENCE generally comes under the science stream so incase you are getting in commerce you can take up BUT the point is you have a different goal as you WANT to go for BCOM in Banking etc.. So there is no point TAKING computer science in that case

49.

Which stream is better for CA- commerce with maths or commerce with computer science?

Answer»

Answer:

Computer SCIENCE generally comes under the science stream so incase you are getting in commerce you can take up BUT the point is you have a different goal as you WANT to go for BCOM in Banking etc.. So there is no point TAKING computer science in that case

Discussion

50.	Under which principle resignation by a marketing manager is not recorded in books of accounts
Answer» Answer:why? In the books of accounts we RECORD only those transactions which can be expressed in the MONETARY terms ignoring the qualitative aspects. As in this case the resignation by the MARKETING Manager cannot be expressed in the monetary terms, so it is not RECORDED in the books of accounts. Explanation:

50.

Under which principle resignation by a marketing manager is not recorded in books of accounts

Answer»

Answer:why? In the books of accounts we RECORD only those transactions which can be expressed in the MONETARY terms ignoring the qualitative aspects. As in this case the resignation by the MARKETING Manager cannot be expressed in the monetary terms, so it is not RECORDED in the books of accounts.

Explanation:

Discussion

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Trial Balance of 31 March 2019

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In the books of Amitbhai and Narendrabhai Trading and Profit and Loss Account for the year ended on 31st March 2019

For Balance Sheet Please REFER attachment

Notes for Balance Sheet:

Regression co efficient​

Hlo guys plz solve this question of corporate accountancy.​

INTEREST on capital of X = 1,000

Y = 500

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Which of the following formulas properly produces the string ""Income Statement""?

if owner's capital is 305000, liabilities are 125000, creditors are 12000, calculate the total assets of the business​

See The Attachment My FRIEND....

Business started with cash rs.1,50,000 stock rs.50,000 and furniture 25000. Calculate the amount of capital?

Show accounting equation forBought goods for Rs5000 and deposited the money in CDM

qhbwhsb d ddbbbjjdhdddjdndksos.....njjjjjnnnnnnjjjjjjjjjjjjheyyyyyy

Rs 500 owing by prasad written off as bad debt journal enrty

20000 of debtors are bad and a provision of 5% was to be created for doubtful debts​

According to which principle the same accounting methods shuld be used each year

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HOPE IT HELPS YOU :) ☺️☺️☺️

Machinery was 5,000, which is included in freight on purchases.i Commission is payable at 2% on Salesiv) Investments were sold at 10% profit, but the entire sales proceeds have been taken as Sales.v) Write off Bad Debts * 10.000 and create a provision for Doubtful Debts at 5% of Debtors​

Debit note and credit note an not be considered as the source documents in the business

Cash basis of accounting is suitable for professionals.true or false?

Which one of the following is not a user of accounting information?

Hereis your answer buddy

Thanks...

Can anyone pleas help me 55 points awarded. But my accounts should be tallied.man i am dead if i dont submit this ​

Plese help me with 1b and 2b

Please can you help me solve this

Which one of the following is not correctly matched (a) Journal - Ledger Folio (b) Ledger - Journal Folio (c) Purchase book - Invoice number(d) Sales returns book - Debit note number

Chapter 1st of accountancy class 11th​

Chapter 1st of Commerce ​

Point out the wrong statement in the following statement: (a) Sales book is meant for recording sales of goods on credit(b) Purchase book is meant for recording purchases of goods on credit (c) Petty cash book is meant for recording small expenses (d) Pass book is meant for recording all expense

If debt is 220 cash balance is 20 and equity is 300 then the gearing ratio isAnswer is 40 please explain how?

A company pay off all its creditors. The effect of this in accounting equation is a/an (a) increase in asset and decrease in liability (b) increase in liability and decrease in asset (c) decrease in asset and decrease in liability (d) decrease in asset and increase in liability

Overload of working capital​

EXCESS working capital means that the working capital of a COMPANY is higher than the norm. Working capital means the amount of current assets that exceed the current liabilities of a company.

PLEASE MARK me as BRAINLIST please

Which stream is better for CA- commerce with maths or commerce with computer science?

Under which principle resignation by a marketing manager is not recorded in books of accounts

How to calculate 90% subscription of a year?

Sundry asset is asset or liability

My question is journal entry is proprietor with draw ₹ 8000

Sourav paid for office cleaning in cash. He made the following entry in his general ledger:-(Debit: Creditorsand Credit : Office Cleaning Expense) Is it Correct?

mr.karan ,accountant at m/s das &das follows different methods of inventory valuation every year.Which of the following attributes of accounting information would be affected due to practice adopted by Mr.karan above?

Regression co efficient

Hlo guys plz solve this question of corporate accountancy.

if owner's capital is 305000, liabilities are 125000, creditors are 12000, calculate the total assets of the business

20000 of debtors are bad and a provision of 5% was to be created for doubtful debts

Diffrence between hour worked or hour paid

Machinery was 5,000, which is included in freight on purchases.i Commission is payable at 2% on Salesiv) Investments were sold at 10% profit, but the entire sales proceeds have been taken as Sales.v) Write off Bad Debts * 10.000 and create a provision for Doubtful Debts at 5% of Debtors

Can anyone pleas help me 55 points awarded. But my accounts should be tallied.man i am dead if i dont submit this

Chapter 1st of accountancy class 11th

Chapter 1st of Commerce

Overload of working capital