Mr.Ashvin started the business with cash of ₹ 95,000.

Mr.Ashvin started the business with cash of ₹ 95,000.
by

1 Answer

Answer :

Prepare a simple cash book from the following information: 2019 January 1 Mr. Ashvin started the business ... 4,980. 31 Deposited into bank ₹ 7,000.
by
selected by

Related questions

20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Description : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Last Answer : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders. a) Started ... 000 . c) Cash sales ₹ 60,000 .

1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Description : 1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.

1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.

1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.

1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Description : 1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Last Answer : Prepare a simple cash book of Mr. Shriram from the following details: 2019 Feb. 1 Balance of cash ₹ ... the bank all cash in excess of ₹ 11,000.

1 Received cash from head cashier ₹ 1,350.

Description : 1 Received cash from head cashier ₹ 1,350.

Last Answer : Enter the Following transaction in a petty cash book having analysis columns for the month of October ... 150. 31 Purchased revenue stamps ₹ 65.

If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ 

Description : If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ 

Last Answer : If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ (a) ₹ 35,000 (b) ₹ 30,000 (c) ₹ 25,000 (d) ₹ 15,000

1. Furniture purchased for ₹ 6,000 was posted to the purchases account as ₹ 600.

Description : 1. Furniture purchased for ₹ 6,000 was posted to the purchases account as ₹ 600.

Last Answer : The trial balance of Radhika did not agree. Radhika put the difference to the suspense ... Give journal entries and prepare Suspense Account.

1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.

1 Purchased goods from M/s. Jalna Traders, Delhi for ₹ 10,000 at 10% T.D. 

Description : 1 Purchased goods from M/s. Jalna Traders, Delhi for ₹ 10,000 at 10% T.D. 

Last Answer : Prepare Purchase Book and Sales Book, M/s. S.K. Traders dealer in ready-made garments, Mumbai. 2019 April ... CGST @ 9%, SGST @ 9% and IGST @ 18%.

If `NDP_(FC)` is ₹ 1, 000 crores and NFIA is `(-)` ₹ 5 crores , how much will be the national income ?

Description : If `NDP_(FC)` is ₹ 1, 000 crores and NFIA is `(-)` ₹ 5 crores , how much will be the national income ?

Last Answer : If `NDP_(FC)` is ₹ 1, 000 crores and NFIA is `(-)` ₹ 5 crores , how much will be the national income ?

From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ 200 . Indirect Taxes = ₹ 420 , Subsidies =

Description : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ 200 . Indirect Taxes = ₹ 420 , Subsidies =

Last Answer : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ ... A. 3380 B. 2, 980 C. 3020 D. 2, 620

Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , whic

Description : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , whic

Last Answer : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital ... 000 crores . Estimate National Income of the economy.

My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Description : My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Last Answer : If she is your ex-wife, you probably aren't liable for her back taxes. Usually, your legal separation agreement will stipulate that you are each responsible for your own taxes. If so, I would think you're off the hook for this.

Average stock of firm is Rs. 80,000, the opening stock is Rs. 10,000 less than closing stock. Find opening stock. (A) Rs. 95,000 (B) Rs. 85,000 (C) Rs. 90,000 (D) Rs. 75,000

Description : Average stock of firm is Rs. 80,000, the opening stock is Rs. 10,000 less than closing stock. Find opening stock. (A) Rs. 95,000 (B) Rs. 85,000 (C) Rs. 90,000 (D) Rs. 75,000

Last Answer : Answer: Rs. 75,000

What is the frequency range of an aircraft’s Very High Frequency (VHF) communications? A. 118.000 MHz to 136.975 MHz (worldwide up to 151.975 MHz) B. 108.000 MHz to 117.95 MHz C. 329.15 MHz to 335.00 MHz D. 2.0000 MHz to 29.999 MHz

Description : What is the frequency range of an aircraft’s Very High Frequency (VHF) communications? A. 118.000 MHz to 136.975 MHz (worldwide up to 151.975 MHz) B. 108.000 MHz to 117.95 MHz C. 329.15 MHz to 335.00 MHz D. 2.0000 MHz to 29.999 MHz

Last Answer : A. 118.000 MHz to 136.975 MHz (worldwide up to 151.975 MHz)

Cost of fencing a circular plot at the rate of Rs.15 per metre is Rs.3, 300. What will be the cost of flooring the plot at the rate of Rs.100 per square metre? a) Rs.3, 85,000 b) Rs.4, 70,000 c) Rs.2, 25,000 d) Rs.3, 50,000 e) Rs.2, 95,000

Description : Cost of fencing a circular plot at the rate of Rs.15 per metre is Rs.3, 300. What will be the cost of flooring the plot at the rate of Rs.100 per square metre? a) Rs.3, 85,000 b) Rs.4, 70,000 c) Rs.2, 25,000 d) Rs.3, 50,000 e) Rs.2, 95,000

Last Answer : Perimeter of plot = 3300/15 = 220 meter 2πr = 220 2 × 22/7 × r = 220 r = 35 m. Area of plot = πr^2 = 22/7 × 35 × 35 = 3850 mt^2 Cost of flooring = 3850 × 100=Rs. 385000 Answer: a)

Super Profit is Rs.9,167 and the Normal Rate of Return is 10% Goodwill as per capitalization of Super Profit method is equal to A Rs.91,670 B Rs.90,600 C Rs.67,910 D Rs.95,000 ANS: Rs 91670

Description : Super Profit is Rs.9,167 and the Normal Rate of Return is 10% Goodwill as per capitalization of Super Profit method is equal to A Rs.91,670 B Rs.90,600 C Rs.67,910 D Rs.95,000

Last Answer : ANS: Rs 91670

A software project was estimated at 352 Function Points (FP). A four person team will be assigned to this project consisting of an architect, two programmers, and a tester. The salary of the architect is Rs.80,000 per month, the programmer Rs.60,000 per month and the tester Rs.50,000 per month. The average productivity for the team is 8 FP per person month. Which of the following represents the projected cost of the project? (1) Rs.28,16,000 (2) Rs.20,90,000 (3) Rs.26,95,000 (4) Rs.27,50,000

Description : A software project was estimated at 352 Function Points (FP). A four person team will be assigned to this project consisting of an architect, two programmers, and a tester. The salary of the architect is Rs.80,000 per month, the ... ) Rs.28,16,000 (2) Rs.20,90,000 (3) Rs.26,95,000 (4) Rs.27,50,000

Last Answer : (4) Rs.27,50,000 

A and B started a business jointly. A’s investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs.4000 as profit, then their total profit is : a) Rs.16,000 b) Rs.20,000 c) Rs.24,000 d) Rs.28,000 e) None of these

Description : A and B started a business jointly. A’s investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs.4000 as profit, then their total profit is : a) Rs.16,000 b) Rs.20,000 c) Rs.24,000 d) Rs.28,000 e) None of these

Last Answer : Suppose B invested Rs. x for y months. Then, A invested Rs.3x for 2y months. So, A : B = (3x × 2y) : (x × y) = 6xy : xy = 6 : 1 So, B’s profit : total profit = 1 : 7 Let the total profit be Rs. x. Then, 1 / 7 = 40000 / x Or x = 28000. Answer: d)

Arun started a business with Rs. 40,000 and is joined afterwards by Arul with Rs.60, 000. After how many months did Arul join if the profits at the end of the year are divided equally? a) 3 b) 4 c) 5 d) 6 e) 2

Description : Arun started a business with Rs. 40,000 and is joined afterwards by Arul with Rs.60, 000. After how many months did Arul join if the profits at the end of the year are divided equally? a) 3 b) 4 c) 5 d) 6 e) 2

Last Answer : b Suppose, Arul joined after x months.  Then, 40000 * 12 = 60000 * (12 – x) => 48 = 72 - 6x => 6x = 24 → x = 4

A started a business with Rs. 21,000 and is joined afterwars by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally? A.8 months B.2 months C.5 months D.7 months

Description : A started a business with Rs. 21,000 and is joined afterwars by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally? A.8 months B.2 months C.5 months D.7 months

Last Answer : Answer – C (5 months) Explanation – let B joined after x months Then, 21000 x 12 = 36000 x (12 – x)36 = 180x = 5Hence, B joined after 5 months

Three friends A, B and C started a business by investing a sum of money in the ratio of 5 : 7 : 6. After 6 months C withdraws half of his capital. If the sum invested by ‘A’ is Rs 40,000, out of a total annual profit of Rs 33,000, C’s share will be a) Rs 9,000 b) Rs 12,000 c) Rs 11,000 d) Rs 10,000 e) None of these

Description : Three friends A, B and C started a business by investing a sum of money in the ratio of 5 : 7 : 6. After 6 months C withdraws half of his capital. If the sum invested by A' is Rs 40,000, out of a total annual ... share will be a) Rs 9,000 b) Rs 12,000 c) Rs 11,000 d) Rs 10,000 e) None of these

Last Answer : Answer: A Sum invested by A , B and C is 5 * 12:7 * 12:6 * 6 + 3 * 6 or 60 : 84 : 54 or 10 : 14 : 9 :: Share of C = ( 9 / 33 ) * 33000 = Rs. 9000

P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them with Rs. 35,000. At the end of these 3 years, they earned a profit of Rs. 150,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Description : P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them ... ,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Last Answer : Answer: A) P invested Rs.25,000 for 12 months, Rs.(25000 + 10000) for 12 months, , Rs.(25000 + 10000 + 10000) for 12 months. i.e., P invested Rs.25,000 for 12 months, Rs.35000 for 12 months Rs.45000 for 12 months. Q ... Q's share = Rs.(1,50,000 x 2 /(3+2+1)) = Rs.(1,50,000 x 2/6) = Rs.50,000

Tonu started a business investing Rs. 90,000. After 3 months, reetu joined him with a capital of Rs. 1,20,000. After 6 months, shalu joined them with a capital of Rs.1,80,000. At the end of the year, they made a profit of Rs.33000. find the share of shalu. A) 13200 B) 6600 C) 7500 D) 12000

Description : Tonu started a business investing Rs. 90,000. After 3 months, reetu joined him with a capital of Rs. 1,20,000. After 6 months, shalu joined them with a capital of Rs.1,80,000. At the end of the year, they made a profit of Rs.33000. find the share of shalu. A) 13200 B) 6600 C) 7500 D) 12000

Last Answer : Answer: B) Ratio of their capitals = (90000*12):(1,20,000*9): (1,80,000*3) = 2:2:1 Tonu’s share = Rs(33000*2/5) = Rs.13200 Reetu’s share = Rs(33000*2/5) = Rs.13200 Shalu’s share = Rs(33000*1/5) = Rs.6600

X, Y, Z started a business by investing Rs.60,000, Rs.70,000 and Rs.80,000 respectively. Find the share of each out of an annual profit of Rs.28350 A) 8000, 9367, 11800 B) 8500, 9400, 11000 C) 8308, 9530, 10346 D) 8100, 9450, 10800

Description : X, Y, Z started a business by investing Rs.60,000, Rs.70,000 and Rs.80,000 respectively. Find the share of each out of an annual profit of Rs.28350 A) 8000, 9367, 11800 B) 8500, 9400, 11000 C) 8308, 9530, 10346 D) 8100, 9450, 10800

Last Answer : Answer: D) Ratio of shares = 60,000 : 70,000 : 80,000 = 6 : 7 : 8 A’s share = Rs(28350 *6/21) = Rs.8100 B’s share = Rs(28350 * 7/21) = Rs.9450 C’s share = Rs (28350* 8/21) = Rs. 10,800

A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Description : A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Last Answer : Solution :-

A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Description : A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Last Answer : A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they start working together and are paid ₹ 5200 for their work, th

Description : Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they start working together and are paid ₹ 5200 for their work, th

Last Answer : Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they ... 5200 for their work, then find their individual shares.

In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. 

Description : In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. 

Last Answer : In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. ... (b) ₹ 20 lakh (c) ₹ 50 lakh

1. Sales return book was overcast by ₹ 1,200. 

Description : 1. Sales return book was overcast by ₹ 1,200. 

Last Answer : The trial balance of Sagar did not agree. It showed an excess credit of ₹ 7,550. Sagar ... to rectify the above errors and prepare Suspense Account.

1 Balance in hand ₹ 125.  Postage ₹ 28. Stationery ₹ 35.  2 Refreshment expenses ₹ 20. 

Description : 1 Balance in hand ₹ 125.  Postage ₹ 28. Stationery ₹ 35.  2 Refreshment expenses ₹ 20. 

Last Answer : Mr. Shrinath maintains a columnar petty cash book on the Imprest system. The Imprest amount is ₹ 850. The ... for Postage ₹ 7. Repair charges ₹ 75.

1 Received cheque from Head Cashier ₹ 2,700. 

Description : 1 Received cheque from Head Cashier ₹ 2,700. 

Last Answer : Enter the following transaction in an analytical petty cash book under the imprest system for the month of ... 27 Purchase a wooden chair for ₹ 275.

If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?

Description : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?

Last Answer : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?

Agreement between BEE and user of label should be done on ₹ 100 _________ stamp paper. A. Judicial stamp paper. C. Court fee stamp paper B. Non judicial paper D. Normal fee paper

Description : Agreement between BEE and user of label should be done on ₹ 100 _________ stamp paper. A. Judicial stamp paper. C. Court fee stamp paper B. Non judicial paper D. Normal fee paper

Last Answer : Non judicial paper

Which account will be debited when Mr. Shyam has paid cash to you?

Description : Which account will be debited when Mr. Shyam has paid cash to you?

Last Answer : Which account will be debited when Mr. Shyam has paid cash to you?

Mr. Grumper grumbles about bad time-keeping trains like everybody else. On one particular morning he was justified, though. The train left on time for the one hour journey and it arrived 5 minutes late. However, Mr. Grumper's watch showed it to be 3 minutes early, so he adjusted his watch by putting it forward 3 minutes. His watch kept time during the day, and on the return journey in the evening the train started on time, according to his watch, and arrived on time, according to the station clock. If the train traveled 25 percent faster on the return journey than it did on the morning journey, was the station clock fast or slow, and by how much? -Riddles

Description : Mr. Grumper grumbles about bad time-keeping trains like everybody else. On one particular morning he was justified, though. The train left on time for the one hour journey and it arrived 5 minutes late. ... did on the morning journey, was the station clock fast or slow, and by how much? -Riddles

Last Answer : The station clock is 3 minutes fast. The morning journey took 65 minutes, and the evening journey therefore took 52 minutes, and the train arrived 57 minutes after it should have left, that is, 3 minutes early.

Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Description : Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Last Answer : Nevermind I found it but I can't delete the question so I guess Ill just to leave it.

Mr. W. Simms, the consulting Engineer to the Government of India recommended the gauge for Indian railways A. 1.435 m as adopted in England B. 1.800 m as per Indian conditions C. 1.676 m as a compromise gauge D. 1.000 m as a standard gauge

Description : Mr. W. Simms, the consulting Engineer to the Government of India recommended the gauge for Indian railways A. 1.435 m as adopted in England B. 1.800 m as per Indian conditions C. 1.676 m as a compromise gauge D. 1.000 m as a standard gauge

Last Answer : C [1.676 m as a compromise gauge]

Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Description : Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Last Answer : Total interest = 20000 × 110/100 × 110/100 × 120/100 - 20000 = 29040 - 20000= Rs. 9040 Answer: b)

Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 6 : 7 in Debt and Equity Funds. If the amount reinvested in Equity Funds was Rs. 94,500/-, what was the original amount invested in Equity Funds? (a) Rs. 75,000/- (b) Rs. 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Description : Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including ... . 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Last Answer : (a) Rs. 75,000/-

I once handled cash, then inadvertently touched my mouth with my hands. Within an hour, my upper lip started to burn and swell. What do you think may have caused my lip to get irritated and swell up?

Description : I once handled cash, then inadvertently touched my mouth with my hands. Within an hour, my upper lip started to burn and swell. What do you think may have caused my lip to get irritated and swell up?

Last Answer : First, do you have any known allergies?

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

My husband wants to cash in an annuity he has had since 1990,He will be 60 in May. The annuity is with Prudential. We lived in New Jersey at the time, now we live in Virginia. Do both states get a % tax, or just Virginia The annuity is under $12,000.00?

Description : My husband wants to cash in an annuity he has had since 1990,He will be 60 in May. The annuity is with Prudential. We lived in New Jersey at the time, now we live in Virginia. Do both states get a % tax, or just Virginia The annuity is under $12,000.00?

Last Answer : You would actually get the tax in New Jersey since that is where the annuity is from. You'll have to report it as income on your state taxes, and then Virginia may also tax you.

Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many shares should X Ltd. issue to Maruti Udyog Ltd. for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Description : X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many ... . for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Last Answer : Answer: 28,000 shares

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Last Answer : Answer: 1•125 : 1

What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Description : What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Last Answer : E. Rs. 50,000 Explanation: Amounts up to INR 50,000/- may be paid in cash to a beneficiary in India. These can also be loaded on to a pre-paid card issued by banks. Any ... However, in exceptional circumstances, where the beneficiary is a foreign tourist, higher amounts may be disbursed in cash.