Recording of Tr...

Calculate the amount of cash if:  other assets( Except Cash) = Rs.10,000 liabilities= Rs.10,000 Total Capital= Rs.5000

Institute of Chartered Accountants of India (ICAI) had constituted the Accounting Standard Board (ASB) in :

Match the following options are as follows:

a. Personal account

b. Nominal Account

c. Real Account

i. Furniture Account

ii. ICICI Bank Account

iii. Salary paid

A business had net assets at 1 January and 31December 2012 of Rs.75,600 and Rs.73,800 respectively. During the year, the proprietor introduced additional capital of Rs. 17700 and withdrew cash and goods to the value of Rs.16300.What profit or loss was made by the business in 2012

Which of the following equation is not correct?

Calculate Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for November 2010:

(a) M/s Gupta Traders returned the goods Rs.1,500

(b) Goods returned from M/s Harish Traders Rs.800

(c) M/s Rahul Traders returned the goods not as per specifications amounting to Rs. 1200

(d) Goods returned from Sushil Traders Rs.1,000. Options are as follows

If assets = Rs. 60000 and liabilities = Rs.25000, What is the capital in the business?

Goods costing Rs. 20000 have sold for cash at 25 % profit. By what amount cash will increase

If total assets of a business are Rs.150000 and capital is Rs.130000.Calculate outside liabilities

From the following information find the capital : Total assets Rs. 600000, creditors Rs.100000, Loan from bank Rs. 150000