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Question No 03 Chapter No 19 03. Ascertain cost of Goods Sold and Gross Profit from the following Particular Rs Opening stock 32,000 Purchases 2,80,000 Direct Expenses 20,000 Indirect Expenses 45,000 Closing Stock 50,000 Sales 4,00,000 Sales Returns 8,000 The Read More …
Question No 02 Chapter No 19 02. From the following information, prepare the Trading Account for the year ended 31st March, 2017: Adjusted Purchases 15,00,000; Sales 21,40,000; Returns Inwards 40,000; Freight and Packing 15,000; Packing Expenses on Sales 20,000; Depreciation Read More …
Question No 01 Chapter No 19 01. Prepare a Trading Account from the following particulars for the year ended 31st March 2017:- Particular Rs Particular Rs Opening stock 2,50,000 Purchases Returns 22,000 Purchases 7,00,000 Sales Return 36,000 Sales 18,00,000 Gas, Read More …
Question No 13 Chapter No 17 13.The swadeshi Industries removed their works to a more suitable premises. A sum of Rs 4,750 was spent on dismantling removing and re-installing plant, machinery and Fixtures. The removal of stock from the old Read More …
Question No 12 Chapter No 17 12. State by giving reasons whether the following items of expenditure are Capital or Revenue Expenditure incurred for raising loans Expenditure of registrations of a trade mark Carriage paid on goods purchased Commission paid Read More …
Question No 11 Chapter No 17 11. Classify the following expenses between Capital and Revenue stating reasons in each cases Repair to a Second hand motor car purchased The cost of registration of newly formed limited company Spent Rs 6,000 Read More …
Question No 10 Chapter No 17 10. Classify the following between capital and Revenue giving reasons for the same: Rs 5,000 spent towards addition to the machinery Repair for Rs 1,000 necessitated by negligence Rs 500 spent to remove a Read More …
Question No 09 Chapter No 17 09. State with reasons whether you would consider the following as Capital Expenditure or Revenue Expenditure Amount spent on uniform of workers White-washing of the factory building Cost of stores consumed in manufacturing machinery Read More …
Question No 08 Chapter No 17 08. The following expenses relate to a motor lorry, purchased by a limited company for its business: Bought an lorry for Rs 1,20,000 in an auction and paid Rs 1,500 as freight and cartage Read More …
Question No 07 Chapter No 17 07. The following are a few transactions of Sugar Mill Company:- Acquired 500 Bighas of land for an agriculture farm at an annul rent of Rs 25,000 and paid Rs 2,000 per Bigha as Read More …
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