Self Studies

Final Accounts ...

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  • Question 1
    1 / -0

    A withdrawal of goods from business by the proprietor should be credited to _______________.

  • Question 2
    1 / -0

    Goods costing Rs 1000 (Sale Price Rs 1200) distributed as free samples should be credited to ________.

  • Question 3
    1 / -0

    Goods costing Rs 1000 (Sale price Rs 1200) used in making personal furniture should be credited to ________________.

  • Question 4
    1 / -0

    Goods costing Rs 1000 (Sale price Rs 1200) stolen should be credited to __________________.

  • Question 5
    1 / -0

    Goods costing Rs 1000 (Sale Price Rs 1200) given as charity should be credited to __________________.

  • Question 6
    1 / -0

    The cost of inventory as per physical verification as on 24th March was Rs.4,00,000. Goods are sold at a profit of 25%on cost.
    On 21st March, goods on the sales value of Rs.1,00,000 were sent on sale on return basis to a customer , the period of approval being two week .He returned 20% of the goods on 31st March.
    The cost of inventory as per books on 31st march is ______________.

  • Question 7
    1 / -0

    The gain from sale of capital assets is added to revenue to ascertain the _________________.

  • Question 8
    1 / -0

    Goods costing Rs 1000 (Sale Price Rs 1200) destroyed by fire should be credited to _________________.

  • Question 9
    1 / -0

    Cost of Physical Stock Rs.2,30,000
    Goods purchases for Rs.10,000 received but omitted to be recorded
    Goods costing Rs.20,000 were sold & delivered but omitted to be recorded
    Goods costing Rs.5,000 were returned by customers but omitted to be recorded.
    Goods costing Rs.3,000 were returned to suppliers but omitted to be recorded.
    The cost of stock as per books is ____________.

  • Question 10
    1 / -0

    Full claim accepted by insurance Company on the loss of goods by fire is credited to ____________ A/c.

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