Final Accounts ...

Creating Reserve for Discount on Creditors is an example of __________.

Annual Renewal fee of licence for next year is ______________.

On 31st March, goods sold at a sale price of Rs. 30,000 were lying with customer, Mohan to whom these goods were sold on 'sale or return basis' and recorded as actual sales. Since no consent was received from Mohan, the adjustment entry was made presuming goods were sent on approval at a profit of cost plus 20%. In the balance sheet, the stock with customers account will be shown at Rs_________.

A sale of goods to Ram should be debited to ____________.

Net profit before charging commission to General & Sales manager - Rs 1,65,920
The General Manager is entitled to commission of 10% on net profit after charging such commission and commission of Sales Manager.
The Sales Manager is entitled to commission of 5% on net profit after charging such commission and commission of General Manager.
Commission payable to General Manager- Rs ____________ & Sales Manager - Rs ______________.

Following information is available from the books of Mr. Z

Good worth $$Rs.500$$ taken by the proprietor for personal use should be debited to ______________.

Goods costing Rs.10,000 destroyed by fire should be credited to 

Net profit before charging commission to General & Sales manager Rs. 1,65.920 The General Manager is entitled to commission of 10% on net profit after charging such commission and commission of sales manager.
The Sales Manager is entitled to commission of 5% on net profit after charging such commission and commission of General Manager.
Commission payable to General Manager.

Goods sod to Ram for cash Rs 1000 ________________.