Theory Base of ...

Machinery purchased for Rs.150000 in cash and Rs.5000 was spent for installation for machine and Rs.15000 spent on carriage of machine. Then the cost of machine will be

During the financial year 2012-2013 Atul had cash sales Rs.80000 and credit sales of Rs.50000.His expenses for the year were Rs. 40000 out of which Rs.10000 is still to be paid. Find out Atul’s income for 2012-2013 following the cash basis of accounting

During the financial year 2012-2013 Atul had cash sales Rs.80000 and credit sales of Rs.50000.His expenses for the year were Rs.40000 out of which Rs.10000 is still to be paid. Find out Atul’s income for 2012-2013 following the accrual basis of accounting

Prakash a consultant during financial year 2012-2013 earned Rs.400000. Out of which received Rs.250000. He incurred expenses of Rs.150000 out of which Rs.10000 are outstanding. He also received consultancy fee relating to previous year Rs.45000 and also paid Rs.20000 expenses of last year. Find out Prakash income for 2012-2013 following the accrual basis of accounting

Prakash a consultant during financial year 2012-2013 earned Rs.400000. Out of which received Rs.250000. He incurred expenses of Rs.150000 out of which Rs.10000 are outstanding. He also received consultancy fee relating to previous yearRs.45000 and also paid Rs.20000 expenses of last year. Find out Prakash income for 2012-2013 following the cash basis of accounting

Liquid assets are same as current assets but there is one difference :

Meaning of return outward is :

According to Going Concern Concept, a business is assumed to have :

Window dressing is prohibited by convention of :

Profit should be considered only when realized, according to concept of :