The Accounting figures of a firm are:
Sales INR 600000, Purchases INR 400000, Closing Stock INR 80000 and the Gross Loss is 25% on cost. The Opening stock in INR is:
430000
400000
480000
500000
Gross Sales = INR 1000000
Sales Tax = 10% on Gross Sales
Income Tax = 50%
Profit before Tax = INR 90000
The Net Profit before tax ratio is:
10%
5%
15%
20%
Complete the following table for journalizing the following entries:
/
(1) Anand, (2) Discount
(1) Cash (2) Discount
(1) Anand (2) Profit
(1) Cash (2) Profit
A firm’s ratios and other figures are:
Fixed Assets = 55000
Current Ratio = 1.5:1
Proprietary Ratio = 0.80
Proprietary Fund = INR 80000
The Working Capital is:
31250
15000
20833
30000
A company’s accounting data for the year is:
Credit Sales = INR 150000
Debtors = INR 30000
Bills Receivable =INR 15000
The Average Collection Period is:
1.8 months
2.4 months
1 month
3.6 months
Complete the following table for journalizing the following entry:
/
37500, 1875
50000, 14375
50000, 1875
37500, 14375
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