accounts from i...

Which of the following is not recorded in the debtor account?

If owner’s equity in the beginning is Rs.21,000. Fresh capital introduced during the year is Rs.7,000. Amount withdrawn during the year is Rs. 13,000, profit during the year Rs.12000 then the closing owner’s equity will be:

Calculate net profit as on 31st March 2012, if gross profit is Rs.3950, provision for doubtful debt is Rs.320 and owner borrowed from a friend at 9% a sum of Rs.2000 on 1st October 2011.

Single Entry System is suitable only for the:

A system of accounting that is not based on a double-entry system is called ______.

Statement of affairs is a _______.

Capital in the beginning – Rs.16000, profit made during the year - Rs.6000, capital at the end - Rs.26000, Capital introduced during the year - Rs. 8000. Calculate drawings:

Calculate closing capital from the following information:

Drawings – Rs.7000, profit during the year-Rs.20000, Capital introduced during the year- 20000, opening capital – Rs.70000

Information is obtained from the books of Mohanlal Traders: Debtors on April 01, Rs.2005 50,000, Debtors on March 31, 2005 Rs.70,000, Cash received from debtors Rs.60,000, Discount allowed Rs.1,000, Bills receivable Rs.30,000, Bad debts Rs.3,000. Calculate total sale:

In a Proprietorship Firm: