Financial State...

In which of the following circumstances an offer lapse?

When a person selling goods on credit he becomes a _________ in the books of the buyer.

Which of these account will appear in Manufacturing account?

Profit and loss a/c is also known as a/an ...........

A, B and C are three partners in a partnership firm dealing in building materials. A on his own without knowledge and consent of remaining partners signed a export order on which he made substantial profit. A is liable to ___________.

Which of these is an example of extraordinary items?

Purchase of office equipment on 30 days credit will be recorded in ..

How would you treat Rs. 5250 spent on the over haul of a second hand machine purchased

Which of these A/c can have debit/credit balance.

From the following details, how much should be charged to profit and loss a/c as bad debts during the current year.
Provisions for bad debts a/c as on $$1-1-14$$ Rs. $$20,000$$
Actual bad debts a/c as on $$31-12-14$$ Rs. $$18,000$$
Debtors balance as on $$31-12-14$$ Rs. $$100,000$$
Provisions for bad debts to be made @$$5\%$$ of total debtors.