accounts from i...

Form single entry and incomplete records, which one of the following accounts may be derived from credit Sales made during the current accounting period?

Calculate profit from the following information:

Opening capital: Rs.36000, closing capital - Rs.54000, Drawings - Rs.3000, capital added during the year - Rs.6000. Calculate profit

Total opening balances of assets and liabilities are Rs.10,000 and Rs.5000 respectively. Find out the opening capital of the business:

Calculate the Drawing from the following information.

Profit: Rs.4000, Opening capital - Rs.30000, Closing capital - Rs.35000, fresh capital - Rs.6000

Credit purchase can be calculated by preparing:

Calculate purchases for the year:

Paid to creditors - Rs.21096, discount received - Rs.190, Contra - Rs. 609, cash purchases- Rs. 207, creditors taken over - Rs.994, Closing balance of creditors- Rs.1289

Which of the following is not prepared under Single Entry System?

Calculate sales for the year from the following

Debt taken over – Rs.1134, payments received- Rs.33870, discount allowed -Rs.1023, bad debts written off – Rs.460, contra- Rs.609 , Closing balance of sales-Rs.1755

Credit sales can be computed by preparing:

Cash received from debtors can be calculated by preparing :