Financial State...

Interest on capital will be paid to the partners if provided for in the agreement but only from following _______________.

A club paid subscription fees of Rs. 1,400, out of which Rs. 200 is prepaid. In such case _________________.

Trial Balance contains the following information: Bad debts Rs. 2,000, Provision of Doubtful Debts Rs. 1,500. It is desired to make a Provision of Doubtful Debts Rs. 2,000 at the end of the year. The amount to be debited to the Profit and Loss Account is __________.

Opening balance of debtors is Rs. 18,000. $$5\%$$ provision for bad debt is required to be provided on debtors. If the debtor's balance is increased during the year by Rs. 5,000 and the provision for bad debt has a debit balance of Rs. 350 after transferring bad debts, the charge against the profit and loss account is:

If 'Prepaid Wages' is given in Trial Balance, it is shown in _____________.

A Trial Balance contains the following information :

Bad debts	Rs.5,000
Discount allowed	Rs.4,000
Provision for discount on debtors	Rs.2,000
Provision for Doubtful Debts	Rs.5,000
Sundry Debtors	Rs.50,000

At the end of the year, it is desired to maintain a provision for debts at Rs. 4,000 and provision for discount on debtors at Rs.2,000. Sundry Debtors (after provision) will appear in the Balance Sheet at a figure of :

The Book of Accounts of Z Ltd. shows that the balance of study debtors is Rs. 50,000 and reserve for doubtful debts is Rs. 2,000. Later the management of the company realized that debts to the extent of Rs. 1,000 will become bad and hence decided to create a reserve at 5% on debtors. The amount of reserve for doubtful debts to be shown in profit and loss account is_________.

If the manager is entitled to a commission of 5% on profits before deducting this commission, he will get a commission of Rs. ________on a profit of Rs. 8,400.

A trial Balance provides you the information: bad debts Rs. 800, Provision of Doubtful Debts Rs.3,000. It is desired to maintain a Provision of Doubtful Debts Rs.1,000. The accounting treatment of these adjustments is ____________.

The company maintains provision for bad debts at $$5\%$$ and its outstanding debtors at the end of the year was Rs 3,00,000. During the year, opening balance of provision for bad debt was Rs. 5000 and bad debt during the year was Rs. 10,000. The debit to profit and loss account for the year ended in respect of provision for debtors will be: