FS of Sole Prop...

Manish has paid salaries of Rs.150000 for the year ended 31st March, 2012. The salaries include a sum of Rs.20000 paid in advance for the year ended 31st March 2013. Show how it would appear in the profit and loss account

Manish has paid salaries of Rs.150000 for the year ended 31st March,2012. The salaries include a sum of Rs.20000 paid in advance for the year ended 31st March 2013. Show how it would appear in the balance sheet

Calculate gross profit – Net sales Rs. 500000 and gross profit is 25% on cost

Calculate operating profit from the information given here. Net profit: Rs.100000, Gain on sale of machine: Rs.15000, Donation: Rs.2000, Rent received: Rs.10000, Interest on loan: Rs.20000

Calculate closing stock from the information given below Opening stock: Rs.36000, Net purchases: Rs.45000, Wages: Rs.7000, Sale: Rs.60000, Gross Loss: Rs.5000, Freight inward: Rs.6000

Trading Account is prepared to find out :

Closing Stock given in the Trial Balance is shown in :

Income Tax, if given in the Trial Balance is recorded in :

Prepaid insurance given in the trial balance will be shown in:

Life Insurance Premium is :