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  • Question 1
    1 / -0

    If total assets of a business are Rs. 550000 and outside liabilities are Rs.250000 Calculate owners equity

  • Question 2
    1 / -0

    If the capital is Rs.300000, cash is Rs.200000, Machinery is 300000. What is the amount of liabilities

  • Question 3
    1 / -0

    Capital and Revenue items are not distinguished under the :

  • Question 4
    1 / -0

    A started business and invests Rs. 50000 on 1st April 2010. On 31st March 2011, his assets are Rs.65000 and liabilities Rs.6000. Find the amount of capital on 31st March 2011 and profit

  • Question 5
    1 / -0

    Payment to creditors in cash will affect

  • Question 6
    1 / -0

    The assets of a business on 31st March 2012 are Rs. 60000 and its capital is Rs. 45000. What are its liabilities

  • Question 7
    1 / -0

    The International Accounting Standards Committee (IASC) came into existence on :

  • Question 8
    1 / -0

     

    Which of the following is not correct?

    When : Assets = Liabilities + Capital

  • Question 9
    1 / -0

    Rohit is a sole proprietor has the following balances: Premises- Rs.55000, Cash at bank- Rs.6500, Inventory – Rs.12500 and creditors- Rs.14000. Find out the amount of capital.

  • Question 10
    1 / -0

    The liabilities of the firm are Rs. 3000; the capital of the proprietor is Rs.7000. The total assets are

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