Related Posts

Q. Y-draws a trade bill of 12,000 for 6 months on X. After holding the bill for 2.5 months, Y discount the bill with bank @ 10% p.a. The amount of discount on bill is

Q. Which of the following will result in disagreement of Trial Balance?

Q. In case of depreciable assets are revalued, the provision for depreciation is based on

Q. At the time of dishonor of an endorsed bill, which account would be credited by the drawee?

Q. When credit balance as per pass book is the starting point of a Bank Reconciliation Statement then bank charges are

Q. At the en d of the accounting year bills receivable discounted were 32,000 would be shown

Q. Goods taken from business for personal use by the proprietor should be credited to

Q. Which of the following term is applicable about consignment?

Q. X of Delhi send out certain goods at cost + 25% of cost. Invoice value of goods is 1,20,000. 4/5th of the goods were sold by consignee at 1,00,000. Commission @ 2% up to invoice value and 10% of any surplus above invoice. The amount of commission will be

Q. In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be