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
P, Q and R together started a business. Six times the investment of P equals eight times the investment of Q and the capital of Q is twice that of R. Fi...
Marks scored by A and B in a test are in the ratio 13:9 respectively. If B had scored 8 more marks, then marks scored by A would be 30% more than that o...
- The mean proportional of 10 and 40 is _____.
The ratio of the number of apples with Alok, Bhavesh, and Chirag is 8:6:5 respectively. Dinesh has 6 apples fewer than Alok. If the difference between t...
The incomes of A, B, and C are in the ratio 3:4:5, and their expenditures are in the ratio 2:3:4. If A saves ₹2,000, what is the income of C?
Incomes of company A and company B are in the ratio of 3:7. Had the income of company A been more by Rs.20 lakh, the ratio of their incomes would have b...
The ratio of zinc and copper in a brass pieces is 6:7. How much zinc will be there in 390 kg of such a piece?
Find the third proportion of 9 and 15.
In a college the ratio of boys and girls are in the ratio 3:4. 40% girls and 20% boys were absent. Find the girls present if the total number of student...
If 'U' is the prime number 17, then find the fourth proportion of (U + 3), (U - 7) and (U + 5).
