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.
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 : 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 : Calculate cost of sales from the following: Net Works cost: Rs. 2,00,000 Office & Administration Overheads: Rs. 1,00,000 Opening stock of WIP: Rs. 10,000 Closing Stock of WIP: Rs. 20,000 Closing stock of finished goods: Rs. ... Rs. 2,70,000 (b) Rs. 2,80,000 (c) Rs. 3,00,000 (d) Rs. 3,20,000
Last Answer : (b) Rs. 2,80,000
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.
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.
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.
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 : Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) : Rs. 50,000Closing stock (1000 units):? (a) Rs. 4,000 (b) Rs. 4,500 (c) Rs. 5,000 (d) Rs. 6,000
Last Answer : (b) Rs. 4,500
Description : (i) Excess of opening capital over closing capital of proprietor under single entry system.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) ... (v) The incomplete method of the accounting system.
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 : Few items of P/L A/c of a company are– Sales – Rs.1,60,000 Closing stock – Rs.38,000 Non-operating Expenses – Rs.800 Non-operating Income – Rs.4,800 Net Profit – Rs.28,000 What is the Operating Profit Ratio ? (A) 18% (B) 20% (C) 15% (D) 57%
Last Answer : Answer: 15%
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 .
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.
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%.
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.
Description : Mr.Ashvin started the business with cash of ₹ 95,000.
Last 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.
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.
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 ?
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
Description : Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units ... 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700
Last Answer : (c) Rs. 786
Description : Calculate the value of closing stock from the following according to LIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 ... , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700
Last Answer : (b) Rs. 805
Description : Calculate the value of closing stock from the following according to FIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 ... , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700
Last Answer : (a) Rs. 765
Description : The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be– (A) Rs. 10 (B) Rs. 20 (C) Rs. 30 (D) Rs. 40
Last Answer : Answer: Rs. 20
Description : (i) In statement of profit or loss, profit on sale of assets are _________ to closing capital.
Last Answer : Fill in the Blanks : (i) In statement of profit or loss, profit on sale of assets are ... capital balance from __________ at the end of the year.
Description : The capital at the beginning of the accounting year is ascertained by preparing __________
Last Answer : The capital at the beginning of the accounting year is ascertained by preparing __________ (a) ... of Affairs (d) Closing Statement of Affairs
Description : The difference between the capital at the end of the year and capital at the beginning of the year is called __________
Last Answer : The difference between the capital at the end of the year and capital at the beginning of the year is ... (b) Income (c) Drawings (d) Expenses
Description : For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of ... Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times
Last Answer : (a) 8 times
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
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) “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 : (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?
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 : 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.