Financial State...

These are expenses which have been paid in current year and benefit of it will be available in next accounting year

_____  is prepared to ascertain gross profit and net profit / loss during an accounting period.

Types of account shown in the balance sheet are

The item discount received will appear on the

To Know the profitability and financial position of a business at the end of the year  _____________ are prepared.

Which of the following is another name used to describe  EBIT (earning before interest and taxes)?

All direct expenses are ___ to Trading account and all indirect expenses are __________ to Profit and Loss account.

Calculation of Cost of goods sold

Revenue Expenditure means

Following are the Financial statement except

Capital receipt includes following receipts :

The expenditure whose  amount is heavy and benefit of the likely to be derived over a number of years called ____________.

Which of the following will not be included in Trading account

Accrued income is

_____ is the arrangement of various assets and liabilities in a particular order

Computer of a firm should be classified as

The amount which is incurred to aquire or improve the fixed assets is known as _______________.

Capital receipts are shown in _____

Which is not an example of Capital expenditure

Calculation of Operating profit