solutions of subsidiary books-cash book
define: internal and external liability
Q1. Name the branch of commerce, which keeps a record of monetary transactions in a set of books.
Q2. On 1st January, Mr. Vinit was appointed as marketing manager of the firm with a salary of 50,000 per month .State whether this event will be recorded in the books of accounts?
Q3. A firm follows a practice of giving the figures of previous year along with the figures of current year. Now the accountant of the firm wants to discontinue this practice. Do you justify this decision?
Q4. Principal of a public school conducted an interview of candidate for selection of an accountancy teacher Miss. Aruba was selected and was given an appointment letter wherein her salary was stated as 30,000 per month. Will it be recorded in the books of accounts?
Q5. What is the value involved in adopting the same method of depreciation year after year?
Q6. Ms.Preeti, an electronic goods dealer, gifted a washing machine valued 25,000 to her friend Suruchi. Will it be recorded in the books of accounts?
what is double entry system of bookkeeping?
difference between goods and stock
solutions of subsidiary books-cash book
define: internal and external liability
Q1. Name the branch of commerce, which keeps a record of monetary transactions in a set of books.
Q2. On 1st January, Mr. Vinit was appointed as marketing manager of the firm with a salary of 50,000 per month .State whether this event will be recorded in the books of accounts?
Q3. A firm follows a practice of giving the figures of previous year along with the figures of current year. Now the accountant of the firm wants to discontinue this practice. Do you justify this decision?
Q4. Principal of a public school conducted an interview of candidate for selection of an accountancy teacher Miss. Aruba was selected and was given an appointment letter wherein her salary was stated as 30,000 per month. Will it be recorded in the books of accounts?
Q5. What is the value involved in adopting the same method of depreciation year after year?
Q6. Ms.Preeti, an electronic goods dealer, gifted a washing machine valued 25,000 to her friend Suruchi. Will it be recorded in the books of accounts?
what is double entry system of bookkeeping?
difference between goods and stock