Question
During the financial year 2023-24, A had cash sales of
₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of which ₹80,000 is still to be paid. Find out Ashok's income for 2023-24 following the Accrual Basis of Accounting.Solution
Under the Accrual Basis of Accounting, both cash and credit transactions are considered, regardless of whether cash has been received or expenses have been paid. Ashok's net income is calculated by subtracting the total expenses (₹2,70,000) from the total sales (₹5,50,000), resulting in a net income of ₹2,80,000.
(10.98% of 499.99) - 4.998 = √?
[(5/6 of 720.21) + 39.79% of 550.14] × (√120.91 + 29.99% of 200.09) = ?
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
(124.901) × (11.93) + 219.95 = ? + 114.891 × 13.90
The number of men, women and children in a village are in the ratio of 3:2:5 respectively. If total population of men is 2700, then find the average pop...
(24.78 × 11.67) + (7199.67 ÷ 14.99) = ? × 12.65
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exactvalue.)
25, 28, 26, 29, 27, ?
(1488.06 × 4.99) - 5677.95 + 1038.06 - 658.97 + (272.95 × 3.05) = ? × (36.95 × 4.02)
