Accounting - Study Mode
[#1591] Bill discounted from bank is
Correct Answer
(A) Contingent liability
[#1592] Profit on sale of sinking fund investment will be debited to
Correct Answer
(C) Sinking Fund Investment A/c
[#1593] The current cost on producing 5 units is Rs. 100/-. If fixed cost is Rs. 40/- then what will be the total average cost of 5 units
Correct Answer
(A) Rs. 28
[#1594] When funds from operations are Rs. 42,000 and amount of depreciation on plant and machinery is Rs. 5,000, the amount of net profit will be
Correct Answer
(A) Rs. 37,000
[#1595] Opening Debtors Rs. 10,000 Sales Returns Rs. 7,000 Bad Debts Rs. 3,000 Cash Received from Debtors Rs. 40,000 Closing Debtor Rs. 13,000 Find out the amount of credit sales.
Correct Answer
(B) Rs. 53,000