Accounting - Study Mode
[#1831] An invoice of Rs. 560 is entered in the sales book as Rs. 650. The total of the debit side of the trial balance is Rs. 21,440. Assuming no other error what is the total of the credit side of the trial balance?
Correct Answer
(B) Rs. 21,350
[#1832] Revenue is considered as being earned when:
Correct Answer
(C) sale is effected
[#1833] If sales are Rs. 18,000 gross profit Rs. 5,000 net loss Rs. 1,000, then the amount of operating expenses will be
Correct Answer
(B) Rs. 6,000
[#1834] Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with
Correct Answer
(D) None of the above
[#1835] The cash inflow per annum will be-
Correct Answer
(B) Accounting profit-tax depreciation