Accounting - Study Mode
[#1441] In case the opening stock was Rs. 5,000, purchases Rs. 15,000 direct expenses Rs. 2,000 and closing stock Rs. 2,500, the cost of goods sold had been:
Correct Answer
(B) Rs. 19,500
[#1442] Balance of cash book shows-
Correct Answer
(D) Total available cash
[#1443] The Chartered Accountants Act was enacted in the year:
Correct Answer
(D) 1949
[#1444] If capital on 1 st January is Rs. 19,400 and on 31 st December is Rs. 21,500, drawing is Rs. 4,300. Find profit/loss?
Correct Answer
(C) Rs. 6,400 Profit
[#1445] The break even point is where-
Correct Answer
(C) Neither profit or loss