Question No 18 Chapter No 19 18. Arrange assets in the order of permanence: Sundry Debtors, Stock, Investment, Land and Building, Cash in Hand, Motor Vehicle, Cash at Bank, Goodwill, Plant and Machinery, Furniture, Loose Tools, Marketable Securities. The solution Read More …

Question No 17 Chapter No 19 17.From the following balances of the Ledger of Sh. Akhileshwar Singh, prepare Trading and Profit & Loss Account and Balance Sheet :-   Dr. Cr. Stock on 1-4-2017 30,000   Stock on 31-3-2018 46,200 Read More …

Question No 16 Chapter No 19 16. From the following balances extracted from the books of Sh. Badri Vishal on 31st March, 2017, prepare a Trading Account, P & L A/c and a Balance Sheet. Closing Stock valued on that Read More …

Question No 15 Chapter No 19 15.Following is the Trial Balance of Sh. Damodar Parshad as at 31st March, 2020:- Dr. Balances   Cr. Balances   Stock 1-4-2019 10,000 Discount Received 750 Purchases 58,000 Return Outwards 2,600 Wages 4,700 Sales Read More …

Question No 14 Chapter No 19 14. Calculate operating profit from the following: Net Profit 5,00,000 Dividend Received 6,000 Loss on sale of Furniture 12,000 Loss by Fire 50,000 Salaries 1,20,000 Interest on Loan from Bank 10,000 Rent Received 24,000 Read More …

Question No 13 Chapter No 19 13. Calculate the amount of gross profit, operating profit and net profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, Read More …

Question No 12 Chapter No 19 12.Prepare Profit and Loss Account for the year ended 31st March, 2017 from the following particulars:- Particulars   Particulars   General expenses 12,000 Gross profit 7,69,000 Charity 3,000 Carriage Outwards 20,000 Office Lighting 5,000 Read More …

Question No 11 Chapter No 19 11.Calculate Net Sales and G.P. from the following: Cost of Goods Sold 4,50,000 G.P. 25% on Sales The solution of Question No 11 Chapter No 19: – Gross Profit = 25% on Sales or Read More …

Question No 10 Chapter No 19 10. Ascertain the value of closing stock from the following Opening Stock 4,80,000 Purchase 13,60,000 Sales 19,50,000 G.P. is 30% on Cost.   The solution of Question No 10 Chapter No 19: – Gross Read More …

Question No 08 Chapter No 19 08.Ascertain the value of closing stock from the following: Opening Stock 1,20,000 Purchases during the year 9,30,000 Sales during the year 15,60,000 Rate of Gross Profit 40% on Sales The solution of Question No Read More …