(i) Excess of opening capital over closing capital of proprietor under single entry system.

1 Answer

Answer :

Write a word, term, or phrase which can substitute each of the following statements : (i) ... (v) The incomplete method of the accounting system.

Related questions

Description : How is closing capital calculated under a single entry system?

Last Answer : How is closing capital calculated under a single entry system?

Description : Under single Entry system, Profit = Closing Capital less __________ 

Last Answer : Under single Entry system, Profit = Closing Capital less __________ (a) Opening Capital (b) ... Assets (c) Opening Liabilities (d) Drawings

Description : (i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Excess of a ... balance of the bank column of the Cash Book.

Description : (i) Excess of revenue over its cost.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... the basis of which the income statement is prepared.

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

Description : In accounting terms, what constitutes the 'closing stock'? (1) Net Investment (2) Gross Investment-Capital Losses (3) Opening Stock-Capital Losses (4) Opening Stock + Net Investment - Capital Losses

Last Answer : (4) Opening Stock + Net Investment - Capital Losses Explanation: Closing stock refers to the goods remaining un-sold during the year. It includes finished products, raw materials, or work in progress ... with the following calculation: Opening stock + Purchases - Closing stock = Cost of goods sold.

Description : The two concept of working capital are gross working capital and -------------------------- a) Net working capital b) Average working capital c) Opening working capital d) Closing working capital a

Last Answer : b) Average working capital

Description : In accounting terms, what constitutes the ‘closing stock’? (1) Net Investment (2) Gross Investment-Capital Losses (3) Opening Stock-Capital Losses (4) Opening Stock + Net Investment – Capital Losses

Last Answer : Opening Stock + Net Investment – Capital Losses

Description : The goods taken by the proprietor from the shop is debited to– (A) Shop account (B) Goods account (C) Capital account (D) Drawings accounts

Last Answer : Answer: Drawings accounts

Description : Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the ... A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Last Answer : A

Description : Value of goods withdrawn by the proprietor for his personal use should be credited to ____ a) Capital A/c b) Sales A/c c) Drawings A/c d) Purchases A/c

Last Answer : d) Purchases A/c

Description : Change in the capital A/c of proprietor may occur due to ______ a) Profit earned b) Loss incurred c) Capital Introduced d)All of theabove

Last Answer : d)All of theabove

Description : The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept. a) Money measurement b) Cost c) Entity d) Dual aspect

Last Answer : c) Entity

Description : Consider the assertions given below. Which among them prove to be beneficial for Persistent HTTP connections? A. Reduction in latency over the sub- sequent requests B. Pipeline-oriented connection over the requests and responses C. Increase ... TCP connections a. A & B b. C & D c. A & C d. B & B

Last Answer : a. A & B

Description : A partner surviving the death or withdrawal of all the other partners in a partnership may continue to practice under the partnership name for a period of not more than ___ years after becoming a sole proprietor. a. 1 b. 2 c. 3 d. 4

Last Answer : 2

Description : (a) “The breathing cycle is rhythmic whereas exchange of gases is a continuous process”. Justify this statement. (b) What happens if conducting tubes of circulatory system develops a leak? State in brief, how could this be avoided? (c) How opening and closing of stomata takes place? -Biology

Last Answer : (a) The breathing cycle involves inhalation and exhalation of air due to alternate expansion and contraction of thoracic cavity. Thus it is a rhythmic process. But exchange of gases is a continuous process ... pore opens up. When water moves out the guard cells shrinks and the stomatal pore closes.

Description : Name the modulation system in which the frequency alternates between two discrete values in response to the opening and closing of a key?

Last Answer : . Frequency-shift keying.

Description : ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings ... 000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Last Answer : d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Description : A correcting entry a. must involve one balance sheet account and one income statement account. b. is another name for a closing entry. c. may involve any combination of accounts. d. is a required step in the accounting cycle.

Last Answer : c. may involve any combination of accounts.

Description : The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Last Answer : b. dividends account.

Description : The closing entry process consists of closing a. all asset and liability accounts. b. out the retained earnings account. c. all permanent accounts. d. all temporary accounts.

Last Answer : d. all temporary accounts.

Description : If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit ... . c. credit to the retained earnings account. d. credit to the owner's dividends account.

Last Answer : c. credit to the retained earnings account.

Description : What do you think about opening and closing credit cards for the initial sign up offers?

Last Answer : I know that closing lines of credit does cause your credit score to go down because you have less available credit. So, for that part of it, it will cause your credit score to drop when you close the ... of the benefits or not being able to use the benefits until you've had the card for a year.

Description : Some memorable opening/closing lines from a book?

Last Answer : It was the day my grandmother exploded. – The Crow Road (Iain M. Banks)

Description : You are chosen to read the local news on tv, what would be your opening/closing remarks?

Last Answer : answer:For the open, I would paraphrase Bette Davis’s character in “All About Eve” and say… “Fasten your seatbelts. It’s going to be a bumpy news report.” For the close, I couldn’t do better than Edward R. Murror’s “Goodbye and Good Luck.”

Description : What would be the opening & closing lines in your autobiography?

Last Answer : answer:It was the best of times, it was the worst of times… … yes, yes, I said yes, I mean yes.

Description : What is the best opening line or closing line to a book in history?

Last Answer : answer:Opening- Tyler gets me a job as a waiter, after that Tyler's pushing a gun in my mouth and saying, the first step to eternal life is you have to die .- Fight Club by Chuck Palahniuk ... standing right now, in the ruins in the dark, what we build could be anything .- Choke by Chuck Palahniuk

Description : Do you watch the opening and closing Olympic ceremonies?

Last Answer : I watched female beach volleyball. That was the only thing that interested me.

Description : How do guard cells regulate opening and closing of stomatal pores ? -Science

Last Answer : The opening and closing of stomatal pores is controlled by the guard cells, when water flows into the guard cells, they swell, become curved and cause the pore to open whereas when the guard cells lose water, they shrink, become straight and close the stomatal pore

Description : (a) Draw a diagram to show open stomatal pore and label on it: (i) guard cells (ii) chloroplast (b) State two functions of stomata. (c) How do guard cells regulate the opening and closing of stomatal pore? -Biology

Last Answer : (a) (b) Two functions of stomata are: (i) Exchange of gases between the plant and the atmosphere takes place through stomata. (ii)Transpiration in plants takes place through stomata. ( ... through these stomata, the plant closes these pores when it does not require carbon dioxide for photosynthesis.

Description : The tag that requires a opening as well as closing tag is called......... . -Technology

Last Answer : The tag that requires a opening as well as closing tag is called container tag.

Description : In XML, every opening tag may not have a closing tag. -Technology

Last Answer : False Every tag must contain the opening and closing tag.

Description : Explain the mechanism of stomatal opening and closing. -Biology

Last Answer : answer:

Description : Which is the type of movement that occurs during opening and closing of flower? -Do You Know?

Last Answer : answer:

Description : What is the opening and closing tag of html ?

Last Answer : html 's opening tag and closing tag

Description : Which process controls the opening and closing of the pores ?

Last Answer : The percolation process controls the opening and closing of the pores.

Description : Opening and closing of stomata are due to its

Last Answer : Ans. Turgidity and faccidity

Description : The air fuel ratio in petrol engines is controlled by a. valve opening / closing b. governing c. carburetion d. scavenging

Last Answer : ANSWER c. carburetion

Description : If Opening Stock – Rs.15,000 Purchases – Rs.37,500 Direct Expenses – Rs.1,500 Closing Stock – Rs.7,500 Operating Expenses – Rs.3,000 Sales are Rs. 60,000 during the year, what is the net profit ? (A) Rs. 12,000 (B) Rs. 10,500 (C) Rs. 7,500 (D) Rs. 3,000

Last Answer : Answer: Rs. 10,500

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

Description : Conversion of starch to sugar is essential for - (1) Stomatal opening (2) Stomatal closing (3) Stomatal formation (4) Stomatal growth

Last Answer : (1) Stomatal opening Explanation: For keeping the stomata open a constant expenditure of energy is required. This is provided by the conversion of starch to sugar. The stomata! opening is, in turn ... at the leaves while their stomata are open for the passage of CO2 and 02 during photosynthesis.

Description : The opening and closing of the stomatal pores is a function of the - (1) Guard cells (2) Chloroplast (3) Xylem (4) Phloem

Last Answer : (1) Guard cells Explanation: The opening and closing of the pores is a function of the guard cells. They swell when water flows into them, causing the stomatal pore to open and likewise, the pore closes if the guard cells shrink.

Description : Write the general formats for file opening and file closing commands?

Last Answer : Ans: For Opening:- fp=fopen(“filename” , “mode”); where ‘fp’ refers to the file pointer. ‘filename’ refers to the name of the file to be opened. ‘mode’ refers to the mode of accessing data. For Closing:- fclose(fp); where fp denotes the file pointer.

Description : Do you require separate limit switch for closing and separate limit switch for opening?

Last Answer : Ans. YES.

Description : Mark the correct option relating to Senior citizen saving account a) Account opening form is Form A & for closing Form E b) Pay in Slip Form D c) Account transfer form is From G d) All the above

Last Answer : d) All the above

Description : The supervisor of a CRC is responsible for a) Timely opening of the set b) Maintaining the master data for the interim dispatch c) Opening bag allocation closing bag allocation d) All the above

Last Answer : d) All the above

Description : Conversion of starch to organic acids is required for (a) stomatal opening (b) stomatal closing (c) stomatal formation (d) stomatal activity.

Last Answer : a) stomatal opening