Question
When the total of debit and credit are equal, it represents
More Accounts Questions
- Which Accounting Standard deals with 'The Effects of Changes in Foreign Exchange Rates'?
- ABC Ltd. earned ₹50 lakh before tax. It made donations eligible under Section 80G of ₹5 lakh and depreciation as per IT Act ₹7 lakh. What is the taxable in...
- Given: Total Assets ₹250 lakh; Equity ₹100 lakh; Long-term Debt ₹80 lakh; Current Liabilities ₹30 lakh; Current Assets ₹70 lakh. Calculate Debt-Equity Rati...
- In relation to auditing concepts, which of the following statements is INCORRECT?
- Section 4(1) of the Payment of Gratuity Act, 1972, provides that gratuity shall be payable to an employee on the termination of his employment after he has...
- A company has achieved total sales of ₹10,00,000 during the year. The variable costs incurred amount to ₹6,00,000, while the fixed costs are ₹2,50,000. Bas...
- What is the primary purpose of GSTR-1 in the GST (Goods and Services Tax) system?
- On Jan 1, 2017 the position of V. Mathur was as follows: Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800; Plant and machinery ...
- Interest payable on the bonds is a/an _______
- Under section 208, obligation to pay advance tax arises in every case where the advance tax payable is ______.
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
