Final Accounts ...

Debtors as appearing in Trial Balance are f $$25,000$$. Provision for doubtful debts is to be provided @ $$5\%$$ and $$2\%$$ of amount is to be provided for discount. What is the amount of debtors to be shown in balance sheet?

Trial balance of a trader shows the following balances:
Opening Stock Rs.$$9,600$$, Purchases Rs.$$11,850$$, Wages and Salaries Rs.$$3,200$$. Carriage on Purchases Rs.$$200$$, Carriage Outwards Rs.$$300$$, Sales A/cs Rs.$$24,900$$, Closing Stock is Rs.$$3,500$$ Gross Profit will be _____________.

It is not uncommon to find these in memorandum revaluation account __________________.

Which of the following item appears in trading account of a business?

If Capital = $$70,000$$; Liability = $$40,000$$. 

P/L A/c balance (before commission) is Rs.$$1,320$$; manager's commission is $$10\%$$. Find the amount of manager's commission.

T Ltd. has issued 14% debentures of Rs.20,00,000 at a discount of 10% in April, 2013 and the company pays interest half yearly on June 30, and December 31, every year. On March 31, 2014 the amount shown as interest accrued but not due in the balance sheet will be________.

Financial data of an entity is given below:
Gross Profit Rs.$$6,700$$, Carriage outwards Rs.$$250$$, Rent received Rs.$$575$$ and Other expenses Rs.$$3,600$$. The net profit would be.

Prakash sells goods at $$20\%$$ on sales. His sales were Rs.$$10,00,00$$. The amount of gross profit is _________.

The provision for discount on debtors is often provided in keeping with the concept of _______________.