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Q. AS – 09 deals with

Q. X sends out certain goods to Y, costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold by R at 1,76,000. Commission 5% upto invoice value a nd 10% of any surplus above invoice value. The amount of commission will be

Q. Life Insurance Corporation Account is a

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

Q. The process of transfer of entries from day book to ledger is called as

Q. Bills Receivable books is part of the

Q. A purchase of 49,500 from Shiva was recorded in Purchases Book as 59,400, the profit would show

Q. A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture.

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. Capital expenditures are shown in the