Financial State...

Position statement of the firm includes __________.

It is not a feature of balance sheet ________________.

Liabilities and provisions made by sole proprietor are transferred to ________.

Financial statements are prepared mainly for______________.

Which of the following is not shown in balance sheet of sole proprietor?

Samar purchased a machinery worth Rs. 1,00,000 and spent Rs. 20,000 on its repairs and Rs. 15,000 on its carriage. He decided to sell the machinery at 25% margin on selling price. What will be the expected sale value of machinery?

If outstanding wages appear in the trial balance, while preparing the final accounts; it will be shown in __________________.

An equipment was purchased on 1st January, 2012 for Rs. 25,000 and is to be depreciated at 30% based on reducing balance method. If the company closes its books of account on 31st March every year, what would be the net book value-of the equipment as at 31 * December, 2013 ______________.

A statement or report that records the fluctuation in business's capital is referred as_____________.

Balance sheet is always prepared___________.