Financial State...

Closing stock appearing in the Trial Balance will be taken to __________.

Cost of goods sold = Rs. 2,40,000; Gross loss $$-\dfrac{1}{4}$$ of sales. What is the amount of sales ?

'Manufacturing Account' is prepared by _________.

How should the following assets be shown in the permanence order in the balance sheet of a company ?
1.Patents
2.Cash at bank
3. Stock in trade
4. Land and building
5. Cash in hand

In a balance sheet, the assets and liabilities are arranged in the order of ___________.

Stock-in-trade does NOT include ______________.

Vikas started business with a cash of Rs. 22,000  and stock of Rs. 3,000 on 1st Jan., 2014.During the year, he made a profit of Rs.6,000.His creditors were paid Rs.4,500 for Office furniture supplied. He tool goods worth Rs.3,500 for his daughter's wedding on 30th June,2014.The gross assets of his business on 31st Dec.,2014 is _____________.

A business entity has assets of $$Rs.28,000$$ and liabilities of $$Rs.8,000$$. Owner's equity in this case is _______________.

Given that cost of goods amounts to Rs.18,000, Closing stock Rs. 7000, purchase will amount to_______.

Find cost of goods sold from the following details:
Opening stock  Rs. 8,000