Question
At the balance sheet date, the balance on the
Accumulated Provision for Depreciation Account isSolution
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is subtracted (deducted) from the corresponding asset in the Balance Sheet. This deduction reflects the accumulated depreciation on the asset, reducing its carrying amount to its net book value.
- An item is listed for Rs. 20,000. It is sold after giving three consecutive discounts of 25%, 5% and 10%. What is the final selling price of the item?
- The cost price of two items, M and N, is Rs. 500 and Rs. 700, respectively. If M is sold at a 15% profit and N at a 12% loss, find the net profit or loss.
A Company allow 8% commission on the total sales to its salesman but if the salesman is appointed on a fix salary of Rs. 5000 and 6% commission on the s...
A seller purchases an item for Rs. 240 and sells it with a 20% discount, earning a profit of 20%. If the seller increases the discount to 25%, what wou...
A shopkeeper sold 46 articles for Rs.6240 and suffered a loss of 16%. How many articles should he sell for Rs. 9360 to earn a profit of 26%?
Meena bought two articles for Rs. 9,600. She sold one at a profit of 30% and the other at a loss of 20%. If her overall profit on selling both articles ...
A shopkeeper bought two articles for Rs. 350 each. If he sold one of them at 40% profit and the other at 40% loss, then find the difference between the ...
The cost price of “cold drinks” is ₹460. Its marked price is ₹40 less than its cost price, and then a 10% discount is giv...
Vendor ‘P’ sold goods for Rs. 1500 at a profit of 25%. Another vendor ‘Q’ earned 40% more profit than ‘P’. Find Q’s profit percentage if c...
A discount of Rs. 900 is given on a chair, and it is Rs. 300 less than the profit made from selling it. If the cost price of the chair is Rs. 800, calcu...
