Financial State...

Wages and salaries appearing in Trial Balance are shown_____________.

X sends out 100 bags to Y costing Rs 1000 each. 60 bags were sold at 10% above cost price. Sale value will be ______________.

The basic concepts related to P&L Account are _______________.

If 'Prepaid Wages' is given in the Trial Balance, it is shown in _________________.

Which of the following Accounts/ Statements shows the financial position of the business?

In a firm, opening stock plus purchases minus closing stock is called ________________.

Which of the following are/is a current asset?

A new firm commenced business on 1st January, 2006, and purchased goods costing Rs. 90,000 during the year. A sum of Rs.6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year was Rs.1,20,000 . What is the gross profit earned by the firm?