three golden rule in commerce.
basic rules of accounts
Business units lasts indefinitely Mention and explain the concepts on which the statement is based?
what is accrual basis of accounting?
sold goods for cash costing Rs 40,000 at a profit of 20% nd on credit costing Rs 72000 at a profit of 25%
what are the advantages and disavantages of cash basis and accrual basis of accounting?
what is accounting principle?
‘The accounting concepts and accounting standards are generally referred to as the essence of financial accounting’. Comment.
prepare accounting equation:- 1)cash paid to rohit in full settlement. 2)cash received from manish. 3)cash withdrew for personal use.
What is matching concept? Why should a business concern follow this concept? Discuss?
1} sold goods for Rs 10,000
2) sold goods to sachin for Rs 20,000
3) sold goods to amitfor Rs 30,000 and payment made by cheque
4) sold goods to atulof the list price of Rs 30,000 at a trade discount of 10% plus vat @5 %
5) sold goods to sunil of the list price of Rs 1,25,000 LESS 20% trade discount and receiveda cheque under a cash discount of 2 % and vat @ 10 %
6) sold goods to sahil of the list price of Rs1,25,000 less 20% trade discount and 2 % cash discount and paid 40% by cheque
7) sold goods costing Rs40,000 to anitafor cash at a profit of 25% on cost less 20 % trade discount and charged 8 % sales tax and paid cartage Rs 100 (not to be charged from customer )
8) sold goods costing Rs40,000 to anilat a profit of 20 % on sales less 20% trade discount and charged 8 % sales tax and paid cartage rs100
9) sachin rejected and returned 10% of goods
plz need this answer !!!
three golden rule in commerce.
basic rules of accounts
Business units lasts indefinitely Mention and explain the concepts on which the statement is based?
what is accrual basis of accounting?
sold goods for cash costing Rs 40,000 at a profit of 20% nd on credit costing Rs 72000 at a profit of 25%
what are the advantages and disavantages of cash basis and accrual basis of accounting?
what is accounting principle?
‘The accounting concepts and accounting standards are generally referred to as the essence of financial accounting’. Comment.
prepare accounting equation:- 1)cash paid to rohit in full settlement. 2)cash received from manish. 3)cash withdrew for personal use.
What is matching concept? Why should a business concern follow this concept? Discuss?