Introduction to...

Single entry system is also known as

Following are the advantages of Double entry system except

Researchers area of interest is

Which of the following statement is False

If sale is Rs.21,000 and cost of goods sold is 15,000, what is the actual profit:

Which of the following items are regarded as Goods
(i) Machinery purchased by X for the production of goods
(ii) Machinery manufactured by ABC for sale
(iii) Furniture purchased by Rohit Pal a grocery owner
(iv) Furniture purchased by Raman a dealer in furniture Options are

Which of the following is treated as an asset?

You are a senior accountant of Ram Enterprises Limited. you would take three steps to make your company’s financial statements understandable and decision useful except

On 1 April 2001 Pankaj wants to buy a building for business purpose. Which of the following is the relevant information for him?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item. What is the amount of capital with which he started business