Final Accounts ...

All except _________are shown on debit side of trading and profit and loss a/c .

All except _________ are shown on debit side of trading and profit and loss a/c.

From the following details calculate the net profit after charging managerial commission if the managerial commission is 11% of net profit before charging such commission.
Net profit before charging managerial commission Rs.65,000

From the following details calculate the net profit after charging managerial commission.
Net profit before charging managerial commission Rs.65,000
Managerial commission 11% after charging such commission.

From the following details, how much should be charged to profit and loss a/c as bad debts during the current year.
provisions for bad debts A/c at the beginning of the year Rs.20,000
Actual bad debts during year Rs.19,000
Debtors balance at the end of the year Rs.80,000
Previsions for bad debts to be made @5% of total debtors. 

The adjustment to be made for interest on drawings is ________________.

Inventory costings methods place primary reliance on assumption about the flow of ________________.

From the following details calculate the managerial commission, if the managerial commission is 11% net profit before charging such commission.fore 
Net profit before charging managerial commission Rs.65,000

Under inflationary conditions, which of the following method of inventory valuation will show lowest cost of goods sold ?

Accounting policy for inventories of an enterprise is, 'Inventories are valued at the lower of cost or the net realizable value.' Which accounting principle is followed by the enterprise?