Question No 38 Chapter No 19 38. Surya does not keep a systematic record of his transactions. He is able to give you the following information regarding his assets and liabilities: 31st March 2017 31st March 2018 Creditors for Read More …
Question No 37 Chapter No 19 37.Following information is obtained from the books of Vinay, who maintained his books of account under Single Entry System: I. Receipts for the year ended 31st March, 2018: From Debtors 88,125 Cash Sales Read More …
Question No 36 Chapter No 19 36. Vijay commenced business as food grains merchant on 1st April, 2017 with a capital of 4,00,000. On the same day, he purchased furniture for 80,000. From the following particulars obtained from his books Read More …
Question No 35 Chapter No 19 35. Roshan, whose accounts are maintained by Single Entry System, acquired a retail business on 1st April, 2017. He had 40,000 of his own and he borrowed 20,000 from his wife. He paid 15,000 Read More …
Question No 34 Chapter No 19 34. From the following information, ascertain the opening balance of Sundry Debtors and the closing balance of Sundry Creditors Sundry Creditors as on 31st March, 2017 20,600 Sundry Debtors as on 31st Read More …
Question No 33 Chapter No 19 33. Calculate Total Sales from the following information: Bills Receivables as on 1st April, 2017 7,800 Debtors as on 1st April, 2017 30,800 Cash received on maturity of Bills Receivable during the Read More …
Question No 32 Chapter No 19 32. From the following information, calculate Total Sales made during the period: Debtors as on 1st April, 2017 20,400 Cash received from debtors during the year as per Cash Book 60,800 Returns Read More …
Question No 31 Chapter No 19 31. Cash sales of a business in a year were 85,000, the Cost of Goods Sold including direct expenses was 97,000 and Gross Profit as shown by the Trading Account for the year was Read More …
Question No 30 Chapter No 19 30. From the following information supplied by X, who keeps his books on Single Entry System, you are required to calculate Total Purchases: Opening balance of Bills Payable 5,000 Opening balance of Read More …
Question No 29 Chapter No 19 29. Following information is given of an accounting year: Opening Creditors 15,000; Cash paid to creditors 15,000; Returns Outward 1,000 and Closing creditors 12,000. Calculate Credit Purchases during the year. The solution of Read More …