Financial State...

A firm spent a huge amount of Rs.200000 on advertisement to introduce a new product in the market and it is estimated that its benefit will last for 4 years. How much will be charged to Profit and Loss A/c each year for 4 consecutive years?

Manish has paid salaries of Rs.150000 for the year ended 31st March, 2012. The salaries include a sum of Rs.20000 paid in advance for the year ended 31st March 2013. Show how it would appear in the profit and loss account

Manish has paid salaries of Rs.150000 for the year ended 31st March,2012. The salaries include a sum of Rs.20000 paid in advance for the year ended 31st March 2013. Show how it would appear in the balance sheet

Freight outward will be shown in the :

Trading Account is prepared to find out :

Taken interest on 1st October amounting Rs. 100000(10% interest) and interest paid till 31st March was 4000.Calclute interest outstanding on 31st March

Income Tax, if given in the Trial Balance is recorded in :

Sales less cost of goods sold is known as:

Stock on 31st March was valued at Rs.25000 whereas its reliable value was Rs.32000. At what price will the closing stock shown in the final accounts?

Trade Expenses are shown in :

Discount Received will be shown in :

Life Insurance Premium is :

Arrangement of Assets and Liabilities in the Balance sheet is known as :

Prepaid insurance given in the trial balance will be shown in:

Adjustment entries are passed through :

What should be journal entry of commission earned but not received Rs. 2000

A manager is entitled to a commission of 10% on net profit before charging such commission. Net profit before charging net commission is Rs.100000. Find out the commission payable to the manager

Calculate closing stock from the information given below Opening stock: Rs.36000, Net purchases: Rs.45000, Wages: Rs.7000, Sale: Rs.60000, Gross Loss: Rs.5000, Freight inward: Rs.6000

Value of Closing Stock is shown at :

If Opening Stock is 30,000 Net Purchases 2,00,000 and Closing Stock 10,000, Cost of goods sold will be :

Calculate gross profit – Net sales Rs. 500000 and gross profit is 25% on cost

General Manager is to get Commission @ 10% on Net Profit after charging such commission. If profits before commission is 22,000 , amount of commission will be :

Calculate operating profit from the information given here. Net profit: Rs.100000, Gain on sale of machine: Rs.15000, Donation: Rs.2000, Rent received: Rs.10000, Interest on loan: Rs.20000

An adjustment related to expense is recorded in Final Accounts :

Closing Stock given in the Trial Balance is shown in :