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FS of Sole Prop...

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  • Question 1
    1 / -0

    Which one of the following is treated as revenue expenditure?

  • Question 2
    1 / -0

    Expenditure incurred on research is an example of _______.

  • Question 3
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    The balance sheet is a ________ of the assets, liabilities and capital of a concern as on particular date.

  • Question 4
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    A gross profit is transferred to the __________side of the profit and loss account.

  • Question 5
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    Income tax paid by a solo trader is shown

  • Question 6
    1 / -0

    Training fee received appearing in the Trail balance is shown

  • Question 7
    1 / -0

    On which side of the Balance sheet the prepaid expenses shows

  • Question 8
    1 / -0

    Closing stock is not shown in

  • Question 9
    1 / -0

    Calculate gross profit if rate of gross profit is 20% on sale and cost of goods sold is Rs.120000

  • Question 10
    1 / -0

    If the rent received in advance Rs.1000 the adjusting entry will be

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