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Purchases should be debited, but if wrongly recorded in the sales book, it results in an increase in both sales and gross profit. Since actual purchases are understated and sales are overstated, gross profit will be overstated, causing a fictitious increase in gross profit.
Which temple dedicated to the goddess Kamakhya is located in Guwahati, Assam?
India's inaugural railway line connected which two places?
Statement (A): The inter-state transportation of coal is an important factor of the rail transport of railways.
Which term is used for extending financial support to a company or a country facing a potential bankruptcy threat?
Which state recently partnered with the Bill & Melinda Gates Foundation to enhance health, nutrition, and agriculture?
Which of the following qualities is different (inconsistent) from the rest?
Which Mughal emperor is associated with the construction of the Peacock Throne?
The East-West Corridor connects which two places in India?
Where is Denali, previously known as Mount McKinley, located?