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Recording of Tr...

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  • Question 1
    1 / -0

    A seller on receipt of returned goods sends note to the party who return the goods, the note is called _____.

  • Question 2
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    Purchase day book is opened to record __________.

  • Question 3
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    Over statement of purchase day book will lead to......

  • Question 4
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    Over casting of sales day book will lead to

  • Question 5
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    A petty cash book is meant for which of these payments.......

  • Question 6
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    AB are two partners in a firm C is admitted for 1 /3 shares of profit with a minimum guaranteed profit of Rs. 30,000 given by A. During 2006-07 the firm reported net profit of Rs. 66,000. Find the share of profit of A.

  • Question 7
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    When the goods are returned, the supplier sent a ________.

  • Question 8
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    From the following details find the revised current ratio of $$ABC$$Ltd. if the trade debtors amounting to Rs. $$5000$$ are realized in cash. Cash in hand Rs. $$5000$$, Stock in trade Rs. $$15,000$$, Prepaid Expenses A/c Rs. $$3000$$, Plant Rs. $$20,000$$, Miscellaneous expenses to be written off Rs. $$2000$$, Creditors Rs. $$10,000$$, Bills payable Rs. $$3000$$, Outstanding Expenses Rs. $$1000$$, Capital $$30,000$$, Profit and surplus Rs. $$6000$$

  • Question 9
    1 / -0

    When the goods are returned, the supplier sent a _________. 

  • Question 10
    1 / -0

    Which of these is/are not included in sales A/c?

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