Financial State...

Which of these do not form part of closing stock 

Total assets of a firm is Rs. 1,50,000, Capital amounted to Rs.70,000, total outside liabilities would be _________.

Under permanence order of balance sheet _________ a/c is shown at the last.

Items of business operations does not include _________.

Which of these accounts are not closed in a Trading A/c

Trade receivables does not include ________.

Interest on the capital of the proprietor is shown in 

Calculate sales from the following 
Opening stock Rs.50,000, closing stock Rs.40,000, purchases less returns Rs.190,000, gross profit on sales 25% of cost of goods sold 

Which of these accounts is/are transferred to capital A/c

From the following details calculate the value of closing stock at the cost using adjusted selling price method.
(a) Gross purchases (excluding discount and sales tax) Rs. 320,000
(b) Trade discount @10%
(c) Sales tax 4%
(d) Freight and insurance Rs.8000
(e) Net sales Rs.360,000
(f) Closing stock at selling price Rs.20000