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Financial State...

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  • Question 1
    1 / -0

    In case of winding up of firm if the asset of the firm are not sufficient to pay the partner capital, the deficiency in capital _______________________.

  • Question 2
    1 / -0

    Non - provision for outstanding bonus amounting to Rs.50,000 of the employees will lead to __________.

  • Question 3
    1 / -0

    Rent prepaid a/c appearing in the trial balance is ___________.

  • Question 4
    1 / -0

    From the following details calculate the net profit after charging managerial commission if the managerial commission is 11% of net profit before charging such commission.
    Net profit before charging managerial commission Rs.65,000

  • Question 5
    1 / -0

    From the following details find out the amount to be debited to profit and loss as fresh provision for doubtful debts during 2013-14.
    Debtors RS. $$30,000$$ as on 31.03.14
    Bad debts during the year Rs. $$1500$$
    Provision for bad debts as on 1.04.13 Rs. $$2000$$
    Provision for doubtful debts to be kept at $$5$$% of total debtors

  • Question 6
    1 / -0

    On 1st January 13, $$X$$ paid Rs. $$120,000$$ being rent for the period upto 31.12.13. If the accountants are closed on 31.03.13. Rent charges for the year ending 31.03.13 to be shown as Pre-paid rent will be _______

  • Question 7
    1 / -0

    Interest on advance money provided by the Partner can be paid from ____________.

  • Question 8
    1 / -0

    Salary outstanding A/c Rs 5000 appears in the trial balance along with salary A/c of Rs 15000. How this will be accounted for in the books of accounts

  • Question 9
    1 / -0

    On 1st January 13, $$X$$ paid Rs. $$120,000$$ being rent for the period upto 31.12.13. If the accountants are closed on 31.03.13. The amount of rent to be expensed during 2012-13 will be _____

  • Question 10
    1 / -0

    From the following details calculate the managerial commission, if the managerial commission is 11% net profit before charging such commission.fore 
    Net profit before charging managerial commission Rs.65,000

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