At the end of the accounting year all the nominal accounts of the ledger book are
The process of transferring the debit and credit items from a Journal to their respective accounts in the ledger is termed as
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Which of the following accounts may have a debit or a credit balance?
What will be the Journal Entry when goods purchased are returned?
Which of the following is known as “Principal Books of Accounts”?
Interest amount is Rs.500. What will be the amount of reimbursement if the following expenses were incurred by petty cashier during the month? Telephone Rs.150, Breakfast Rs.50, Small repairs Rs. 30 General expenses Rs.100
From the following details find out credit sales during the financial year 2010-2011:
1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000.
2. Bills receivable accepted by customer Rs. 13,000
3. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000.
4. Cash received from debtors during the year Rs. 38,400
Cash Sales Rs. 50,000
Cash collected from debtors Rs.1,30,000
Bad debts during year Rs. 5,000
Debtors at beginning Rs. 10,000
Total Sales will be :
A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?
The next step after preparation of Ledger is the preparation of ________:
The process of transferring the transaction relating to changes in a particular item at one place in the form of an account is called __________:
If the owner withdraws amount from the business for personal use, then which A/c is to be debited?
X purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be:
What will be the total sales of the year 2008-09 for A Limited, if they provided following information:
Cash sales Rs.80,000
Cash collected from debtors Rs.1,50,000
Bad debts during the year Rs.10,000
Debtors at 1st April, 2008 Rs.15,000
Debtor at 31st March, 2009 Rs.10,000
Bad debts recovered Rs 5000
The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as
The amount brought into the business by the proprietor should be credited to
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82 videos|167 docs|42 tests
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