Final Accounts ...

Carriage outwards are shown in the _________.

Accounting entry for interest on drawings is __________.

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

The General Manager gets $$\dfrac{1}{4}$$ of the profit as commission after charging such commission of Works Manager, which is 10% of profits after charging such commission. If profit is Rs. 2,200, the commission of General manager is:

Indicate which of the following is not correct ?

Accounting entry for Manager's Commission (outstanding) on net profits will be made as _______________.

The loss on sale of old scooter is debited to __________.

The Manufacturing Account is closed by transferring its balance to the debit side of the _____________.

The works manager gets commission of 10% on the profit after charging such commission. If the profit is Rs.2,200 what is the amount of his commission ?

If profits are $$25\%$$ of selling price, what is the percentage of profit to cost ?