Financial State...

Commission due but not paid to the manager at d end of the years appears under __________ side.

The Balance sheet will always reflect the _______ value of fixed assets after charging depreciation.

Depreciation is ____________ to Profit and loss Account.

Bad debts after preparing trial balance are _______ from debtors.

________ is an amount the firm has not been able to realise firm its debtors.

Ascertain the amount of prepaid expense if insurance of Rs. 10000 paid for one year ending on 30.06.2018 and firm closes the books on 31.03.2018.

After deducting bad debts provision the debtors shows ___________ value.

Provision for bad debts are created by ____________ profit and loss account.

A portion of benefits will be received in the ________ accounting year in case if expenses are prepaid.

It may be noted that provision created at the end of the year will be carried forward to meet the _________ during next year.