Financial State...

Trading Account is prepared to ascertain _________________.

In books of manufacturing concern, Opening Stock consists of _______.

The gross profit ratio is the ratio of gross profit to ______________.

A machinery which cost Rs. 2,00,000 is depreciation at 25% per year using the Written Down Value method. At the end of three years, it will have a net book value of ___________.

Opening Stock Rs. 1,00,000, Sales Rs. 5,00,000, Gross Profit @ 25% on sales, Purchases Rs. 5,00,000, Closing stock is ___________.

General reserve account and dividend equalization fund account are ______________.

Opening Stock = Rs.50,000
Purchases = Rs. 1,00,000
Purchase return = Rs. 29,000
Sales = Rs. 2,00,000
Find the Gross Profit.

An asset with a useful life of five years is to be depreciated by the sum of year's digits method. What will be the denominator of the depreciation fraction for the second year?

In which method depreciation is charged according to hours used ________________.

Opening Stock Rs. 1,00,000, Sales Rs. 5,00,000, Gross profit @ 25% on cost, Purchase Rs. 6,00,000. Closing Stock is ___________.