Financial State...

The Trial Balance shows
Debtors Rs. 2400, Bad Debts Rs 221, Bad Debts Reserve Rs 324. For creating a Reserve for Doubtful Debts @ $$10\%$$ on debtors, the P & L A/c will be debited by :

A decrease in the provision for doubtful debts would result in ______________.

While calculating _______, the incomes and expenses of a purely financial nature are not taken into account.

Excess of gross profit over operating expenses is known as __________.

The item closing inventory is shown in balance sheet under "________".

The capital of a sole trader would change as a result of ____________________.

If sales are Rs. 6,000 and the rate of gross profit on cost of goods sold is 25%, then the cost of goods sold will be ___________.

Considering the following information, answer the question given below :

particular	1st January       Rs	31st December      Rs
Stock of raw materials	17,400	18,100
Work-in-progress	12,200	12,400
Stock of finished goods	44,500	43,700

During the year manufacturing overhead expenses amounted to Rs.61,000, manufacturing wages to Rs.40,500 and purchase of raw materials to Rs.93,900. There were no other direct expenses.
(i) The manufacturing cost of finished goods produced were ______________.

In case the opening stock was Rs. 5,000, purchases Rs.15,000, direct expenses Rs.2,000 and closing stock Rs. 2500, the cost of goods sold had been _______________.

Sales    Rs.	Opening Stock     Rs.	Purchases       Rs.	Closing Stock     Rs.	Cost of goods sold       Rs.	Gross Profit     Rs.	Trading Expenses       Rs.	Net Profit    Rs.
30,000	12,000	20,000	?	18,000	?	8,000	?

From the above answer following :
(i) Gross profit will be