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accounts from i...

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  • Question 1
    1 / -0

    Which of the following businesses sometimes maintain incomplete accounting record of the business activities?

  • Question 2
    1 / -0

    If the opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during the period Rs. 10,000, closing capital Rs. 90,000. The value of profit earned during the period will be ______.

  • Question 3
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    As both aspects of transactions are not recorded so it is:

  • Question 4
    1 / -0

    Generally, incomplete records are maintained by ______.

  • Question 5
    1 / -0

    Calculate profit from the following information:

    Opening capital: Rs.120000, closing capital - Rs.180000, Drawings - Rs.10000, capital added during the year - Rs.20000

  • Question 6
    1 / -0

    Single Entry System is not recognized by:

  • Question 7
    1 / -0

    If opening capital = Rs.1000 and closing capital = Rs.2000. Assuming no drawings during the accounting period, calculated the net income or loss for the period:

  • Question 8
    1 / -0

    Calculate capital from the following information:

    Fixed assets- Rs. 5225, Current assets-Rs. 9653 and Current liabilities- Rs. 3718

  • Question 9
    1 / -0

    Capital in the beginning is Rs.30000, capital at the end is Rs.35000, and creditors were Rs.8,000. Value of total assets _______

  • Question 10
    1 / -0

    Calculate provision for doubtful debt. If the debtor's closing balance is Rs.3400 and provision for the reserve of doubtful debts at 10% on sundry debtors.

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