Final Accounts ...

Gross profit or gross loss is the difference between ___________.

Provision for discount on debtors shall be made on ____________________.

Gross profit or gross loss revealed by trading account is transferred to.

Accumulated losses are ________________.

The success of perpetual inventory system depends upon ______________.

The manager of a firm is entitled to a commission of  $$10$$% on the net profit after his commission. If the profit of the firm before charging commission is  $$ Rs. 3,30,000$$, the amount of manager's commission will be_________. 

Which of the following statements is correct?

Which of the following equation is correct?

Goods withdrawn by the proprietor for his personal use are_________. 

If the rate of gross profit is $$20$$% on cost of goods sold and the sales are $$Rs. 1,50,000$$ then the total gross profit would be_________.