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Q. Subscription received in advance to be shown in

Q. Whenever errors are noticed in the accounting records, they should be rectified.

Q. When opening stock 50,000; closing stock 40,000; purchases 1,90,000 profit margin is 16.67% on sales, the sales are:

Q. Sales of 6,570 is recorded in the sales book as 6,750. Such Error is known as

Q. The periodical total of Returns Inward Day Book is posted to 5

Q. The Depreciation Account is closed at the end of the year by transfer to the

Q. Capital expenditures are shown in the

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Q. X sends out goods to Y, costing 3,60,000. Goods are to be sold at cost plus 25% on sales. The consignor asked consignee to pay an advance for an amount equivalent to 60% of sales value. The amount of advance will be