Saved Bookmarks
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
Income and expenditure accounts of sharadha education society for the year ending 31/8/18guys l need the table of lists n balance sheet pls |
|
Answer» CALCULATION of O/s Interest on Govt. BondsRead = given in the ATTACHED document thankyou |
|
| 302. |
Kaldhari tree diagram information transfer |
|
Answer» kffn JV hfgjhjhhffhjghjhffhjjgbb hfgjhjhhffhjghjhffhjjgbb jfkgg FIGURE |
|
| 303. |
The Trial Balance of ABC Ltd, as on Dec 31.2002 did not agree. The difference was put to a Suspense Account. During the next trading period, the following errors were discovered : (i) The total of the sales book of one page Rs. 6.531 was carried forward to the next page as Rs. 6,351 . (ii) Goods returned by a customer for Rs. 1,200 but entered in Purchases Return Book. (iii) Personal Car Expenses amounting to Rs. 250 were debited to Trade Expenses. (iv) Sales Return Book was undercast by Rs. 2,750. (v) Rs. 50 discount allowed by a supplier, was wrongly posted to debit side of Discount Account (vi) An item of purchases of Rs. 151 was entered in Purchases Book as Rs. 15 and posted to Supplier's account as Rs. 51. You are required to give journal entries to rectify the errors through Profit & Loss Adjustment Account in a way so as to show the current year's profit or loss correctly. |
|
Answer»
There are certain TRANSACTIONS which REQUIRES more clarity or there are some errors which are not rectified before the FINALIZATION of accounts. All such entries are PARKED in a temporary account known as suspense account. Suspense account will be shown in the BALANCE sheet either on asset side or liabilities side, depending on the balance of suspense account. |
|
| 304. |
Accounting is termed as the of business |
|
Answer» Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy. WHETHER you run your own business, work as a manager or are just starting your CAREER, you WANT to understand financial information and be able to interact with accountants, controllers, and financial managers. You want to talk business! This course will provide you with the accounting language's essentials. Upon completion, you should be able to read and interpret financial STATEMENTS for business diagnosis and decision-making. More importantly, you will possess the conceptual base to keep learning more SOPHISTICATED accounting and finance on your own. Do not forget that, as with any other language, becoming proficient with accounting requires constant practice. |
|
| 305. |
Stock show in balance sheet is 160000 , stock undervalued by 20% ____ ? , and cost of stock ___ |
|
Answer» Within each CHASING arrows TRIANGLE, there is a number which ranges from one to seven. The purpose of the number is to identify the type of plastic used for the product, and not all plastics are recyclable or even REUSABLE. There are numerous plastic-based products that cannot break down and cannot be recycled. plese mark branlist |
|
| 306. |
P, Q and R are equal partners with fixed capitals of `5,00,000, `4,00,000 and `3,00,000 respectively. After closing the accounts for the year ending 31st March, 2019 it was discovered that interest on capitals was provided @ 7% instead of 9% p.a. In the adjusting entry |
|
Answer» Given data:
Objective: To rectify the error and pass the necessary entry. Answer: Calculation of interest on capitals [WRONG amount]: Interest on capital = (Capital × Rate) ÷ 100 For P:
For Q:
For R:
Calculation of interest on capitals [right amount]: Interest on capital = (Capital × Rate) ÷ 100 For P:
For Q:
For R:
Calculation of loss: To calculate the profit/loss, observe which side of the firm has a higher amount and subtract the ONE with the LESSER amount from it. If the resultant value is on the debit side, it is profit. Else, loss. Cr = Rs 84,000 Dr = Rs 1,08,000 Since the credit side is less, the resultant value of their difference will appear on the credit side, i.e., loss. Loss = Rs 1,08,000 - Rs 84,000 = Rs 24,000 Calculation of loss shares: Since the losses are shared equally, they must be distributed accordingly. For P:
For Q:
For R:
Rectifying entry: R's current account ... Dr - Rs 2,000
|
|
| 307. |
Equipment valued in the books at Rs. 7,950 on 1st April, 2019 will be valued at Rs. _______ when sold on 15th July 2019 if depreciation is charged @ 12.5% on the diminishing balance method. * |
|
Answer» Answer: HI good day GOD bless my FF ID is not jhauga correct information if you have any other QUESTIONS tagged with a good day5677544567754 |
|
| 308. |
⇴On 1st April 2014, merchant purchased furniture costing Rs.55,000. It is estimated that its life is 10 years at the end of which it will be sold Rs.5,000. Additions are made on 1st April 2015 and 1st October 2017 to the value of Rs.9,500 and Rs.8,400 (Residual values Rs.500 and Rs.400 respectively). Show the Furniture Account for the first four years, if Depreciation is written off according to the Straight Line Method. |
Answer» Refer to the above ATTACHMENT to GET your CORRECT answer with full process... ~~❤Adyuu here❤ |
|
| 309. |
Prepare (1) Receipt Payment A/c (2) Income and Expenditure Account on the basis of following information: (a) Subscriptions : Subscription received for last year Rs. 400, subscription received for current year Rs. 3,600, subscription due for the current year not received Rs. 600. (b) Receipts : Room rent Rs. 200, Sports fees Rs. 1,200, Received from refreshment room Rs. 2,500. (c) Payments : Salaries Rs. 2,000, Repairs Rs. 240, Printing and stationery Rs. 600, Material for refreshment room Rs. 1,700, Watchmen wages Rs. 1,360, Electricity expenses Rs. 800, Taxes Rs, 1,000. (d) Outstanding expenses : Repairs Rs. 160, Material for refreshment room Rs. 440. (e) Cash Balance : On 1-4-15 is Rs. 360 and On 31-3-16 Rs. 600. |
|
Answer» Explanation:
|
|
| 310. |
PRACTICAL PROBLEMS Simple Journal Entries Ek Journalise the following transactions in the books of Ram: ₹ 100.000 A 3 / Goods purchased from Pankaj on credit Als / Goods sold to Naresh on credit 2/ Goods returned to Pankaj. 25000 18.000 9.000 12.000 Business started with cash 2/ Goods purchased for cash / Goods returned by Naresh 12 Commission received Ap 15 fumiture purchased Mont 16/Rent paid to Amit 19 Sold goods to Sumit for cash 6,000 onl 70/Cash paid to Ajay. 2700 7.000 5000 6000 7.000 3000 10,000 30 Cash received from Naresh on account on 30 Salaries paid |
|
Answer» Answer: Use the EDIT icon to pin, add or DELETE clips.Touch and hold a CLIP to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard CLIPBOARD, any text that you copy will be SAVED here. |
|
| 311. |
Prepare double column cash book (Cash and bank) from the following transactions of Nimish:₹5,4009,6001,80012,0002020Jan. 1Cash in handCash at bankJan. 6Interest on loan paid by chequeJan. 11Goods purchased from Surinder KaurHalf the payment is made immediately, of which further half is made by chequeJan. 16 Cash deposited into bankJan. 21 Rent received from SatinderJan. 26 Cash withdrawn for personal useJan. 30 Cash withdrawn from bank for personal useJan. 31 Cash withdrawn from bank for office use2.0004,5001.2001,6002,100 |
| Answer» | |
| 312. |
On Dissolustion cash/Bank account is closed automatically agree disagree |
|
Answer» sisjdjdhhcjjsjbdjbxjbskbwibdjbcjbsbsjbdjd |
|
| 313. |
Compound general enteries4 |
|
Answer» Answer: Compound JOURNAL entry definition — AccountingTools A compound journal entry is an accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits. ... Examples of aggregation that MAY INVOLVE compound journal entries are: Depreciation for multiple classes of FIXED ASSETS. |
|
| 314. |
Section (Unit 06-10 Subjectivej 12 of 12Question : 2 of 2Marks for this Question : 10Answer the following questionAnswer any 1Question 8: (a) An Indian dealer imported 50 machines from USA @ 320 dollars per machine. However, th1. Packing Charges 20 dollars per machine2. Transportation charges to Indian Port 200 dollars3. Transit Insurance premium 40 dollars4. Brokerage (excluding buying commission) 70 dollarsThe dealer incurred the following expenses after delivery at the port1. Transportation charges from port to his godown Rs. 4,000II. Insurance premium Rs. 200III.Octroi Rs. 3,000.Compute the assessable value as per custom act. Exchange rate is 1 dollar = Rs. 72Question 8 (b): Discuss the nature and scope of customs law in India. |
|
Answer» STUDY and write |
|
| 315. |
Mamta, Manoj and Rupesh are partners in a firm sharing profits and losses in the proportion of 3:1:1 respectively. Their Balance Sheet as on31st March, 2012 was as shown below: Balance Sheet as on 31st March, 2021 Liabillities Assets Creditors General Reserve Bills Payable Capital A/cs : Mamta Manoj Rupesh 4,000 5,000 2,500 12,500 10,000 5,000 Cash Debtors Stock Land and Building Machinery Motor Van Goodwill 1,250 6,000 5,000 7,500 3,500 10,000 5,750 39,000 39,000 On 31st March 2012 Rupesh was retired and the following adjustments hav been agreed upon : 1) 2) 3) 4) Goodwill was revalued at 5,000. Assets and Liabilities were revalued as follows : Debtors 5,000, Stock 4,500, Land and Building 12,500 Machinery 3,000 Motor Van 9,500 and Creditors 3,000. Mamta and manoj contribute additional capital of 5,000 and 2,500 respectively. Balance of Rupesh’s Capital Account is transferred to his loan A/c Give Journal entries in the books of new firm. |
|
Answer» Answer: DRAW a quadrilateral, which is parallelogram of adjacent SIDES of 3CM and 4cm with the diagonal 5cm. Write steps of CONSTRUCTION |
|
| 316. |
After Lynda's initial client assessment, she has noted that her client will require inventory management to avoid out-of-stock situations for their merchandise. |
|
Answer» Answer: Explanation: The CONSUMER demand is amply satisfied by balancing inventory, without running out of STOCK or holding excess supply. In this MANNER, LINDA can also handle stock out situation by employing inventory management mechanism. thank you |
|
| 317. |
QUESTION 5. From the following trial balance of Mr. Nath business, for the year ended 31" March 2008. (10) Debit ( Rs) Credit (Rs) Opening stocks 22,500 Purchase and sales 86,000 1,89,000 Discount 1,500 Debtors and creditors 19,000 27,000 Depreciation 7,000 Cash 8,900 Capital 1,71,300 Salaries 7,500 Bills Receivables 17,000 Carriage 700 Furniture 8,000 Bills payables 5,000 Machinery 2,00,000 Returns 4,000 3,800 Wages 16,000 Commission received 2,000 3,98,100 3,98,100 The closing Stock on 31 st March, 2008 was valued at 45,000. |
|
Answer» Answer: particular debit. credit opening STOCK 22500 purchase &sale. 86000. 189000 discount. 1500 debtors & creditors. 19000. 27000 Depreciation. 7000 cash. 8900 capital. 171300 salary. 7500 Bills receivable. 17000 carriage. 700 Furniture. 8000 bills payable. 5000 Machinery. 200000 Return. 4000 3800 wages. 16000. COMMISSION received. 2000 Total. 398100. 398100 |
|
| 318. |
Write a program to input three numbers and find maximum among them. |
|
Answer» Answer: Input three numbers from USER. STORE it in some variable say NUM1 , num2 and num3 . COMPARE first two numbers i.e. num1 > num2 . If the statement is true then num2 is surely not max value. ... If the statement num1 > num2 is false . Which INDICATES that num1 is not max. |
|
| 319. |
when face value share is ₹100 and issued price is ₹120, then it is said that the share are issued at ___ |
|
Answer» Explanation: Premium When face VALUE of the SHARE is ₹ 100 and issued price is ₹ 120, then it is said that the SHARES are issued at premium. |
|
| 320. |
when face value 9f share is ₹100 and issued price is ₹120, then it is said that the share are issued at ___ |
|
Answer» didjfhchebxubrxhfjdidhdkskfbfjdis |
|
| 321. |
if he withdraw rs 5000 in the beginning of every month for 9 month if he withdraw rs 5000 in the end of every month for 9 month if he withdraw rs 5000 in the middle of every months for 9 months |
| Answer» | |
| 322. |
સંયોજન હવાલા ખાતું ખરીદનાર કંપનીના ચોપડે કયાં શીર્ષક હેઠળ પાકા સરવૈયામાં બતાવશે. |
|
Answer» oitgnvswwtk*522/yuyjwfqdfa |
|
| 323. |
प्र. iअ) खालील विधाने बरोबर आहे कि चूक कारणसह लिहा. i) ताळेबंद हा व्यवसायिक परिणाम दर्शविणारे खाते आहे. |
|
Answer» हे विधान बरोबरच आहे कारण , द्वि-नोंदी पद्धतीने पुस्तपालन केले असता सर्व खात्यांच्या शिल्लक रकमेचा आढावा घेऊन एका विशिष्ट दिवशी, व्यवसायाची आर्थिक परिस्थिती दर्शवणाऱ्या कागदपत्रास ताळेबंद असे म्हटले जाते. व्यवसायाच्या ताळेबंदामध्ये येणे असलेली रक्कम, देय रक्कम, मालमत्ता, कर्ज, उत्पन्न, खर्च आणि नफा किंवा नुकसान या सर्व बाबींचा समावेश असतो. साधारणतः ताळेबंद हा ठरावीक दिवशी उदा. तिमाही, सहामाही यांचा शेवटचा दिवस आणि वर्षाअखेरीस काढला जातो. ताळेबंदाचे मुख्य उद्दिष्ट म्हणजे द्वि-नोंदी पद्धतीची अचूकता पाहणे, व्यवसायाचा आर्थिक आढावा घेणे हा होय. |
|
| 324. |
A, B and C sharing profits and losses in the ratio of 4: 3:2, decide to share future profits and losses in the ratio of 2: 3:4 with effect from 1st April, 2020. An extract of their BalanceSheet as at 31st March, 2020 is:Show the accounting treatment under the following alternative cases:Case 1. When there is no other information.Case 2. When market value of investments is 2,00,000.Case 3. When market value of investments is 1,91,000.Case 4. When market value of investments is 2,18,000.Case 5. When market value of investments is ? 1,73,000. |
|
Answer» Answer: 1dtdkwiqyliwp8ykrqgqliwfqkvvqljqyqcjlqhifww |
|
| 325. |
Gain Ratio=_____less old ratio |
|
Answer» GAIN Ratio= NEW Ratio less OLD Ratio Or Gaining Ratio = New Ratio - Old Ratio Hence, the answer is New Ratio |
|
| 326. |
Good will is slown in Company's balance sheet under tha head |
|
Answer» Answer: Goodwill is RECORDED as an intangible asset on the ACQUIRING company's BALANCE sheet under the long-term assets ACCOUNT. |
|
| 327. |
1. Show the accounting equation on the basis of the following transactions and also show theBalance Sheet:Started business with Cash Rs.60,000 and Goods Rs.30,000.(i) Purchased goods for Cash Rs. 40,000 and on Credit Rs. 25,000(ii) Goods costing Rs 48,000 sold at a profit of 331,%. Three-fourth payment received inCash (iv) Goods costing Rs.20,000 sold at a loss of 5%, out of which Rs. 12,000 received inCash. (v) Paid Rent Rs.4,000 and Salary Rs.6,000.(vi) Received Cash from Debtors Rs. 15,000.(vii) Paid telephone bill amounting to Rs.800My |
|
Answer» Explanation: Hope it helps U. |
|
| 328. |
Purchased fittings 952 by cheque |
|
Answer» ufojfiutijfuohgfjh hgijgfhjojgdvbjj8 |
|
| 329. |
Which of the following was the cause forthe backwardness of Indian agriculture? /ਹੇਠਾਂ ਵਿੱਚੋਂ ਕਿਹੜਾ ਭਾਰਤੀ ਖੇਤੀ ਦੇ ਪਿਛੜੇਪਨ ਦਾ ਕਾਰਨਸੀ? / ਰਿਬੇਰ ਮੈਂ ਜੇ ਸੈਰ ਮਾਰੀਧ ਧੋ ਕੇपिछड़ेपन का कारण था? *O OHigh dependence on rainfall/ ਵਰਖਾ ਤੇ ਵੱਧਨਿਰਭਰਤਾ | ਥf ਧਦ ਅਖਿਲ ਮੰਗO OZamindari System / ਜ਼ਮੀਂਦਾਰੀ ਪ੍ਰਬੰਧ / ਸੀਂਦੀव्यवस्था0 OExcessive Pressure on Land / ਭੂਮੀ ਤੇਜਨਸੰਖਿਆ ਦਾ ਵੱਧ ਦਬਾਅ / ਸੇ ਧਦ ਬਿਨ ਕਾਰAll of the above / ਉਪਰੋਕਤ ਸਾਰੇ / ਤੁਧਦੀ ਜਮੀThis is a required question |
|
Answer» Answer: ACCORDING to me all of the above as Indian farmers mostly DEPENDS on rain ️️☔☔ for agriculture and next is the zamindari system so that poor farmer is TORCHED to do agriculture and also excessive use of fertilizers on land makes it baren |
|
| 330. |
In which ratio reserves and accumulated profit will be distributed at the time of addmission of a new partner |
Answer» ANSWER :★ Old Profit Sharing Ratio of the existing partners.
___________________________________________________________ EXPLANATION :At the time of admission of a partner, if there is any RESERVE Fund or accumulated (distributed) profits appearing on the Liabilities side of the BALANCE Sheet or losses appearing on the Assets side of the Balance Sheet; it indicates that the amounts are not yet transferred to the Capital Accounts of the old partners.
On account of distribution of reserve and accumulated profits, the Capitals of the partners will increase. On the other hand, on transfer of undistributed losses, the Capitals of the partners will decrease. |
|
| 331. |
Entries5.On 31st March 2018 X Ltd. has an issued equity share capital in 10,00,000 shares of 10 eachas fully paid up. The company has resolved to buy-back 10% of the equity shares at 15 per shareThe company has a securities premium account balance 5,50,000 and General Reserve 12,00,000Give journal entries on buy-back of the shares. |
|
Answer» MARK me as brainlist thank my answer |
|
| 332. |
A and B are partner.A is entitled to get interest on capital 120000 and B is entitled to get salary 90000 profit of the firm is rupees 70000.Calculate the amount of interest on capital of A |
|
Answer» Everybody needs Explanation: Kindness The blog Kindness to HELP you them out and SHARE get them to them and get their opinions and IDEAS on how to how you they want you to be able to |
|
| 333. |
जयललिता कॉलिंग ट्रांजेक्शन द बुक ऑफ मुरलीधरन एंड साइंस टिंबर मर्चेंट जीवन छोटे-बड़े नरेशन रिसीवड एचएमजे पीटरसन 542 डिस्कवर 150 |
|
Answer» a TANK is 3/7 full of water. 160 LITTERS more are REQUIRED to fill it up. how MANY litres can the tank hold? |
|
| 334. |
1 point 18. I am liable to pay B rupees 1000/- is which type of negotiable instruement. * a. Promissory Note b. Cheque c. Bill of Exchange d. Bank Note |
|
Answer» JB gahwjiehwew if gwjwiwuebjdodjebsbsksk |
|
| 335. |
नराम, श्याम और गोपाल जो 2 : 1 : 1 के अनुपात में लाभ-हानि विभाजन करते हैं, उनकी पूँजी क्रमशः28,800 रु.; 19,200 रु. तथा 14,400 रु. है। साझेदारों को पूँजी पर 5% वार्षिक ब्याज दिया जाताहै। गोपाल को 7,200 रु. वार्षिक वेतन मिलता है तथा श्याम को सकल विक्रय पर 3% कमीशनमिलता है। फर्म का लाभ 27,600 रु. है। सकल विक्रय 3,36,000 रु. है। उनके आहरण पर व्याजक्रमशः 192 रु.; 240 रु. तथा 288 रु. था। लाभ-हानि वितरण खाता बनाइये। |
|
Answer» hiiiiiiiiiiiiiiii Explanation: |
|
| 336. |
10,000 Equity Shares of 100 each issued at 10% premium. Calculate the total amount at share Premium. |
|
Answer» Answer: 9090 Explanation: 11111111111111122 236756279 3467838 369379 ️️️️ ️️️ 3685469 ️️️️️ 000⁰000000⁰0⁰0000000000000000000000000⁰000000000010000000000000000000000000000000 |
|
| 337. |
which of the following as a do not qualify for capitalisation of interest cost in current during the structuring the Asset |
|
Answer» Explanation: TYPICAL examples of long-term assets for which capitalizing interest is allowed INCLUDE various production facilities, REAL estate, and SHIPS. Capitalizing interest is not permitted for inventories that are manufactured REPETITIVELY in large quantities. |
|
| 338. |
To be considered with the historical cost principle overhead cost in current by an enterprise |
|
Answer» ifs0dw7rw7tarto6dudd607re6oe6pe7pr7r6w6ow |
|
| 339. |
4. A Company purchased a machine costing 60,000 on 30th June, 2017. It further purchased machinerycosting 40,000 on 1st April, 2018. It purchased another machine of 30,000 on 30th June, 2018. On 1.4.2019the company sold 1/5th of the machinery (purchased on 30.6.2017) at 2000 and 2/3rds of the machinerypurchased on 1st April, 2018 was sold for 10,000. Rate of depreciation is 10% p.a. under diminishingbalance method. Company closes its accounts on 31st March every year.Prepare necessary ledger accounts for the period from 1.4.2017 to 31.3.2020.Dr.Cr.DateParticularsJFAmount (5)DateParticularsJFount )(112 |
|
Answer» i4j4j 4u4b5i4 hrjf djbfjfbfjrjr firbf jfjf FN |
|
| 340. |
Ascertain cost of goods sold from the following information Opening stock 18000 Purchases 22000 Wages 5000 Closing stock 15000 |
|
Answer» Explanation: Correct option is A Rs.12,000 Trading A/c For the year ended.. PARTICULAR Amt Particular Amt To opening STOCK A/c 12000 By Sales A/c 30000 To PURCHASE A/c 20000 By Closing stock A/c 22000 To trading expenses A/c 8000 To Gross Profit transferred A/c 12000 52000 52000 To Ascertain Gross profit , we need to find out the value of closing stock : Let us take "x" as closing stock COGS = opening stock + purchase + direct expenses - closing stock 18000= 12000+ 20000 + 8000 - X X = 40000 - 18000 = 22000. |
|
| 341. |
) Amar, Akbar and Anthony are sharing profits and losses in the ratio of 4:3:2. Anthony retires. The new ratio of Amar andAkbar is 3:2. Calculate Gain Ratio. |
|
Answer» Explanation: Old Ratio : AMAR : AKBAR : Anthony = 4 : 3 : 2
Anthony RETIRES, ★ New Ratio : Amar and Akbar = 3 : 2
★ GAIN Ratio : • Gaining Ratio = New Ratio - Old Ratio
⇒ 3/5 - 4/9 = (27 - 20)/45 ⇒ 7/45
⇒ 2/5 - 3/9 = (18 - 15)/45 ⇒ 3/45 ★ Gaining Ratio = Amar : Akbar = 7/45 : 3/45 ⇒ 7 : 3 Therefore, Gaining Ratio of Amar and Akbar = 7 : 3 |
|
| 342. |
Pls tell me correct answer very urgent if u told me correct answer i will mark them as brainlist |
| Answer» | |
| 343. |
What is cell?? Whfenrgkmtm um |
|
Answer» a Cell IS a STRUCTURAL UNIT of life Explanation: please mark me as BRAINLIEST |
|
| 344. |
What is cell???fastt tell me |
|
Answer» Question : What is cell? ANSWER :
|
|
| 345. |
Raj Ram and Ramesh are partners sharing profit and losses in the ratio 5 :3:2 |
Answer» NEW PROFIT SHARING RATIO10:6:4:5, |
|
| 346. |
.Arrange the following assets in the order of liquidity Cash in hand, land and building, sundry debtors, stock, furniture, plant and machinery,cash at bank, |
|
Answer» do Answer: dogggCNN do you WANT to be a GOOD DAY at good do you want to be a good day at WORK |
|
| 347. |
Goods sold to Ram at rs. 60000at 10%trade discount and 5%. cash discount. Half payment received immediately.answer correct and immediately dont spam |
|
Answer» Answer: BANK ac _dr 24,300 Ram _dr 27,000 Discount Allowed ac _dr 2,700 To Sales ac 54,000 (being sale of goods to Ram, half PAYMENT RECEIVED immediately and allowed 5% cash discount & 10% Trade discount.) (hope my answer was helpful to you, if so please mark my answer the Brainliest, you'll EARN some points too. I'll be very grateful!) |
|
| 348. |
To find out net profit or net loss of the business the account is prepared |
|
Answer» Statement of profit and loss is prepared to know net profit or net loss. It shows the revenues and expenses of the BUSINESS earned or incurred during the year. The statement helps in understanding the financial POSITION of the business.
pls mark me Brainlist |
|
| 349. |
आंतरिक उपयोग व्यावसादिक लूता ते |
|
Answer» Answer: if we hand loom for DAYS experience with this TYPE in ENGLISH I love the plants we we are |
|
| 350. |
Goods purchased from Ram at rs. 50000at 10%trade discount and 5%. cash discount. Half payment made immediately.answer correctly |
|
Answer» purchases a/c dr. 45000 to CASH a/c. 21375 to discount allowed. 1125 to RAM. 22500 (being goods PURCHASED from ram @10 % trade discount and @5% cash discount ) |
|