Financial State...

From the following figures ascertain the gross profit:

F's trial balance contains the following information:
Discount received Rs.1,200
Provision for discount on creditors Rs.1,800
It is desired to maintain a provision for discount on creditors at Rs. 1,600
The amount to be credited to profit and loss a/c is________.

Which of the following is not a fixed asset?

All those to whom business owes money are _______________.

Consider the following data pertaining to H Ltd. For the month of March

2005:

Which of the following are/is a current asset?

Cost of goods sold Rs. 1,20,000, Gross Loss 1/4 of sales. What will be the amount of sales?

Cost of goods sold is calculated by which of the following:

Sales - Purchase - Operating expenses is equal to __________.

In case the opening stock was Rs 5,000, purchases Rs 15,000, direct expenses Rs 2,000 and closing stock Rs 2,500, the cost of goods sold had been _____________.