Financial State...

If the rate of gross profit increases in the current financial year, the same may happen due to which of the following reason?

While preparing final account, to make provision for bad debts which of the following adjustment entry will be passed?

Cost of goods sold excludes.

Arrange the following assets as per liquidity order.
I. Debtors
II. Building
III. Cash and Bank
IV. Stock
Select the correct answer from the options given below.

Arrange the following assets as per liquidity order.
I. Cash and Bank
II. Building
III. Investment
IV. Stock
Select the correct answer from the options given below.

Opening stock $$Rs. 15,000$$, Closing stock $$Rs. 6,000$$, Total purchase during the year $$Rs. 30,000$$. Given that opening stock inadvertently includes postage stamps of $$Rs. 1,500$$. Find the cost of goods sold.

Arrange the following assets as per permanence order.
I. Cash and Bank
II. Building
III. Investment
IV. Stock
Select the correct answer from the options given below.

While preparing final account, to make provision for discount on debtors, which of the following adjustment entry will be passed?

In _______, approach assets which are to be used for long term in the business and are not meant to be sold are presented first and assets which are most liquid such as cash in hand, are presented at the bottom.

While preparing final account, to adjust prepaid expenses which of the following adjustment entry will be passed?