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More Commerce Questions
The following is the position of current assets and current liabilities: 31 st December, 94 31 st December, 95 Debtors Rs. 30,000 Rs. 24,000 Creditors Rs. 20,000 Rs. 30,000 Stock Rs. 16,000 Rs. 20,000 Prepaid expenses Rs. 8,000 Rs. 12,000 Profit made during the year Rs. 5,00,000 after considering the following items: Depreciation on plant Rs. 20,000 Preliminary expenses written off Rs. 10,000 Transfer to general reserve Rs. 14,000 Profit on sale of land Rs. 6,000 The cash from operations is:
Match List-I with List-II and select the correct answer using the options given below the list: List-I List-II a. Compensating errors 1. Not recording a business transaction b. Errors of omission 2. Charging a Revenue item to capital c. Errors of principle 3. Writing a debit item on the credit side and a credit item on the debit side of equal amount d. Errors of commission 4. Posting a correct amount to a wrong account
When two separate companies or two divisions within the same company agree to place their respective brands on a particular product or enterprise, the arrangement is termed as
The Base Rate system has replaced BPLR with effect from:
A statement containing the various ledgers balances on particular date: