Related Posts

Q. A trader calculated his profit as Rs.150000 on 31/03/2014. It is an

Q. P & L a/c is prepared for a period of one year by following:

Q. Accounting furnishes data on

Q. Identify which is wrong rule

Q. The following is not a type of liability

Q. The rule debit all expenses and losses and credit all income and gains relates to

Q. As per the Matching concept, Revenue – ? = Profit

Q. The debts which are to be repaid within a short period (a year or less) are referred to as,

Q. For every debit there will be an equal credit according to

Q. A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.