All the following errors do not effect the trial balance except
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The areas where in different accounting policies can be adopted are
The total of the sales book is posted periodically to the credit of
The amount of the dishonoured bill has been wrongly debited to general expenses account, which type of error has been committed?
Cost of tour abroad by the sales manager to develop markets (tour was successful) is ____
‘Advance received from customers is not taken as sale’ is based on
Mohan Stationers will debit purchase of stationery in ____
Rs. 5,000 spent on repairs of a newly purchased old motor car is debited to _____
Suspense account debit balance Rs. 200 in trial balance, will be recorded in the _____
In valuation of consignment inventory only _______ expenses of the consignee are added
Premium on issue of shares is recorded in _______
Interest is calculated on _______ of securities
Income tax in case of a sole trader is treated as ________
A businessman purchased goods for Rs. 25,00,000 and sold 70% of such goods during the accounting year ended 31st March, 2010. The market value of the remaining goods was Rs. 5,00,000. He valued the closing inventory at Rs. 5,00,000 and not at Rs. 7,50,000 due to
XY LTD. issued 25,000 equity shares of Rs. 100 each at a premium of Rs. 15 each payable as Rs. 25 on application, Rs. 40 on allotment and balance in the first call. Applications received for 75,000 equity shares but the company issued to them only 25,000 shares. Excess money was refunded to them after adjustment for further calls. Last call on 500 shares were not received and were forfeited after due notice. The above is the case of _____
Opening inventory Rs. 3,700, Purchases Rs. 20,800, Closing inventory Rs. 2,500. Cost of goods sold will be _______
Original cost Rs. 25,000, salvage value Rs. 1,000, useful life 10 years. Annual depreciation under SLM will be
When preparing a Bank Reconciliation Statement if you start with balance as per Pass Book, then cheques paid by bank recorded twice in Pass Book Rs. 1050 will be ______
A started business with Rs. 20,000 cash and Rs. 11,000 inventory. Cash sales & cash purchases were Rs. 10,000 & Rs. 5,000. Total sales and purchases amounted to Rs. 70,000 & Rs. 50,000. Outstanding Trade Payables were Rs. 15,000 and Trade Receivables Rs. 25,000. Expenses paid Rs. 17,000. Machine was purchased for Rs. 10,000 out of which Rs. 8000 has been paid. Cash in hand at the end of the year was Rs. 5,000. Total of Trial Balance at the end of the year will be ___________
Both the discount columns of the Cash Book were omitted to be posted in the ledger.This error............................?
Goods purchased Rs. 1,00,000, sales Rs. 90,000 Margin 20% on sales. Closing inventory is _____
Mohan paid Rs. 500 towards a debit of Rs. 2,500, which was written off as bad debt in the previous year. Mohan’s account will be credited with