Question No 3 Chapter No 2 3. Calculate the interest expense for the calendar year 2015, when books are maintained on (i) cash basis(ii) Mercantile basisInterest paid during 2015 Rs 26,000. Interest dur but not paid on dec. 31,2015 was Read More …
Question No 2 Chapter No 2 2. From the following information, calculate salary expense for the year 2016-17 Salary Paid during 2016-17 was Rs 66,000. This included salary for the year 2015-16 Rs 9,000 and for the year 2017-18 Rs Read More …
Question No 1 Chapter No 2 1. Calculate the commission income for the calendar year 2016 under cash system and accrual system of accounting Rs Commission received in 2016 45,000 Commission accrued (due but not received) 4,400 Commission received Read More …