Question
The following figures related to the rent and rates
payable expense for a business in 2020-2021. Which is the correct figure for rent and rate expense in the profit and loss account for the year ended 31 March 2021? Rent paid in advance at 1 April 2020 Rs.5000 Rates in arreas at 1 April 2020 Rs.2000 Payments in 2020-21 Rs.35000 Prepaid rent at 31 March 2021 Rs.4000 Rent in arrears at 31 March 2021 Rs.6000Solution
Rent and rate expense in the profit and loss account = Payments + Rent paid in advance on 1 April 2020 – Rent prepaid on 31 March 2021 – Arrears on 1 April 2020 + Arrears on 31 March 2021 = 35000 +5000 -4000 -2000 +6000 = Rs.40000
Which of the following is biennial weed?
The microbial enzyme fungal lactases are used in the dairy industry while manufacturing milk products to:
Which of the following act as a regulator of agricultural produce market?
Which of the following statements is INCORRECT with respect to microbial enzymes:
What is the cause of the "Little leaf" disorder in cotton?
Which cotton species is recognized as "American cotton" or "Upland cotton" and has an allelotetraploid chromosome number?
Which grain can a gluten intolerant person safely consume?
Under Kingdom Plantae, which division comprises of organisms which have chlorophyll-bearing, simple, thalloid, undifferentiated body?
Which of the following weed is used as a green vegetable?
Term used to the organism genetic composition having two identical allele for a trait
