Financial State...

Debit balance is F profits Loss a/c is

From the following calculate credit purchases during the year.
Creditors as on $$1-04-13$$ Rs. $$36,500$$
Payment made on creditors Rs. $$60,000$$
Discount given by creditors for early payment Rs. $$5,500$$
Creditors as on $$31-03-14$$ Rs. $$21,000$$

Specific identification method of inventory valuation involves __________.

What is the new profit sharing ratio in question No. 43

Retail method of inventory valuation is based on which of the following assumption.

Transfer to Capital Redemption Reserve can be from

Goods worth Rs.$$5,000$$ were purchased by ABC on which the traders allowed Rs.$$200$$ trade discount and offered to give $$5\%$$ cash discount of immediate payment is made. The purchase a/c will be debited by...

......is an attempt to identify the quantity and investment made in Human resources that are not accounted for under the conventional accounting system.

Rights of the unpaid seller against the goods are provided for in Chapter of the Sale of Goods Act.

Divisible profits excludes................