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Find out the Credit Purchases from the details given below:
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What is a Credit Note?
Find out the Credit Purchases from the details given below:
Vikas maintains his books of account on Single Entry System. He provides following information from his books. Find out additional capital introduced in the business during the year 2018-19.
| Opening Capital - ₹ 1,30,000 | Drawings during the year ₹ 50,000 |
| Closing Capital - ₹ 2,00,000 | Profit made during the year ₹ 1,00,000 |
How profit is calculated under Statement of Affairs Method?
Ranjan, an employee of Jumbo Electronics, deposited in the bank ₹ 40,000 as the previous day's sale held overnight in the firm's safe. He has recorded the transaction in the Cash Book as follows:
In the bank column on Payments side; and in the cash column on Receipts side. Has he passed the entry correctly?
In the bank column on Payments side; and in the cash column on Receipts side. Has he passed the entry correctly?
Calculate the value of Opening Stock from the following:
Calculate the Stock at the end:
| ₹ | |
| Stock in the beginning | 20,000 |
| Cash Sales | 60,000 |
| Credit Sales | 40,000 |
| Purchases | 70,000 |
| Rate of Gross Profit on Cost | 1/3 |
Prepare a Trading Account from the following particulars for the year ended 31st March 2017:
Does Profit and Loss Account show the financial position of the enterprise?
Ajay started business with capital of ₹ $5,00,000$ on $1^{\text {St }}$ April, 2022. He introduced additional capital of ₹ $3,00,000$ on $1^{\text {st }}$ October, 2022. He charged interest on capital @ $10 \%$ p.a. Calculate the amount of interest on capital and show it in the final accounts.
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