Financial State...

Net profit before charging commission to manager - Rs. $$2,20,000$$. The manager is entitled to a commission of $$10\%$$ on net profit after charging such commission. The commission payable to manager will be:

Sales include Rs. $$60,000$$ sent to Z & Co. on sale or return basis for which no approval has been received as on $$31-3-2015$$. The cost of the goods was Rs. $$50,000$$. Which of the following treatment will be correct while preparing final accounts?

If the insurance premium paid is Rs. $$1,000$$ and prepaid insurance is Rs. $$300$$, the amount of insurance premium shown in Profit & Loss A/c will be.

In the trial balance the balance of the Provision for Depreciation Account is _______.

Net profit before charging commission to General & Sales manager - Rs. $$1,65,920$$
The General Manager is entitled to commission of $$10\%$$ on net profit after charging such commission and commission of Sales Manager.
The Sales Manager is entitled to commission of $$5\%$$ on net profit after charging such commission and commission of General Manager.
Commission payable to General Manager- Rs. ___________ & Sales Manager - Rs. __________.

From the following particulars, calculate the amount of income to be credited to profit and loss account for the year ended $$31$$st March $$2012$$.

Net profit before charging commission to manager - Rs. $$2,20,000$$. The manager is entitled to commission of $$10\%$$ on net profit before charging such commission. The commission payable to manager will be.

Expenses paid in cash and recorded as assets before they are used are called _____.

A company had a doubtful debt provision of Rs. $$14,000$$ at $$31-12-2014$$. Its trade receivables at $$31-12-2015$$ were Rs. $$1,98,200$$/ The company considers that receivables totalling Rs. $$12,200$$ will not be paid and in addition planned to make a doubtful debts provision for $$10\%$$ of its net receivables at $$31-12-2015$$. What is the charge for bad and doubtful debts in the income statement for the year ended $$31-12-2015$$?

Which of the following accounts is the odd one?