Question
What would be the profit as per cash basis of accounting
based on the following information: Revenues on account = Rs.50000 Cash Sales = Rs.70000 Salaries paid in cash = Rs.50000 Ticket purchased for Rs.11500 for next year travelSolution
Profit as per cash accounting will take into account all cash related transactions, irrespective of the year it relates to. Revenues on account means credit sale therefore, will be ignored since we are taking Cash basis of Accounting. As such cash profit = Cash sales – salaries paid in cash – tickets purchased                        = 70,000 – 50,000 – 11,500                        = Rs.8500 Â
Which type of radiation has very short (
Who sold a 4.5% stake in Indian digital payments giant Paytm through block deals for $200 million, causing a significant drop in the shares of the Indi...
In accordance to the Constitution, Protection of Life and Personal Liberty is granted under which Article?
How many times has India won the ICC T20 Men’s World Cup in cricket?
In November 2021, Pratap Singh Khachariyawas was allocated food and civil supplies in the Cabinet expansion of the state of ______.
Which of the following is the most widely used method for refining impure metals?
Which of the following led English company in Battle of Plassey (1757)?
What is the term used to refer to the aurora in the southern hemisphere?
The Central Pollution Control Board was set up by the government in the year __________.
The Lunar Polar Exploration Mission (LUPEX) is a planned joint lunar mission by the Indian Space Research Organisation (ISRO) and which of the followin...
