In the preparation of statement of profit, if the opening...
In the preparation of statement of profit, if the opening capital is greater than closing capital, there will be
Profit
Capital
Loss
Cash
Correct answer is C
The difference between opening and closing capital will give either a profit or loss.
If the opening capital is greater than closing capital then loss and vice versa.
The amount for which a business is sold is known as ...
The value of the sales ledger control account is derived from the summation of the ...
Provision for doubtful debts------1,000Cr Bad debts--------500Dr Debtors-------50,000Dr Additiona...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...
Given: Capital at the beginning...............N20000 Drawings.............................N3000 C...
Given: Sales.....................N4000 Light expenses............N2900 Rent.........................
A set of instruments fed into a computer for accomplishing a given task is a/an ...
Which of the following is not charged to manufacturing account? ...