Question No 11 Chapter No 14 Provision for Taxation 11. The opening balance in provision for taxation account was Rs 3,00,000 on 1.4.2018. the business enterprise earned a net profit of Rs 12,00,000 during the year 2018-19.Prepare the necessary accounts Read More …
Question No 10 Chapter No 14 Sinking fund for Repayment of Fixed Assets 10. On 1st April 2015 a company obtained the lease of machinery for Rs 1,00,000. it was decided that a depreciation fund should be created for its Read More …
Question No 09 Chapter No 14 Sinking fund for Repayment of Loan 9. On 1srt April 2015 a company abstained a loan of Rs 60,000 from a finance company, which was repayable after three years. A sinking fund was created Read More …
Question No 08 Chapter No 14 Provision for Doubtful debit and for discount on Debtors 8. Bharat cotton Mills Ltd. Created a repairs and renewals provision on and from 31st march 2017 by charging Rs 2,000 each year to revenue. Read More …
Question No 07 Chapter No 14 Provision for Doubtful debit and for discount on Debtors 7. In a concern, where the current expenditure on repairs is comparatively low it is anticipated that expenditure in subsequent period will be considerable, you Read More …
Question No 06 Chapter No 14 Provision for Doubtful debit and for a discount on Debtors 6. The following figure is given Rs Provision for doubtful debts on 1st April 2017 2,000 Provision for discount on debtors on 1st Read More …
Question No 05 Chapter No 14 Provision for Doubtful debit and for discount on Debtors 5. The following balance appeared inn the book of Mamta Banerjee on 1st April 2017: Rs Sundry Debtors 85,000 Provision for bad and doubtful Read More …
Question No 04 Chapter No 14 Provision for Doubtful debit and for discount on Debtors 4. On 1st April 2015 credit balance of provision for doubtful debts account was Rs 2,700. During the years 2015-16 bad debts amounted for doubtful Read More …
Question No 03 Chapter No 14 Provision for Doubtful debit and for discount on Debtors 3. On 1stApril 2016 provision for doubtful debts account showed a credit balance of Rs 4,000. bad debts during the years 2016-17, 2017-18 and 2018-19 Read More …
Question No 02 Chapter No 14 2. The paid up capital of the company id Rs 5,00,000. the profits earned during the current year were only Rs 40,000. for previous many years, company is declaring a uniform dividend @12% on Read More …