Question
A company has opening balance of debtors of Rs.3 lakh. If the doubtful provision is 5% and discount is 2%, what is the net balance of debtors at the end of the year?
More Basic Accounting Concepts Questions
- Based on the following information- calculate the initial investment in the project. Cost of machine = Rs. 54,00,000 Installation charges = Rs. 12,000 S...
- A company shows the following (₹ crore): Equity 60, Reserves 40, Term Loan 120, Current Liabilities 80, Fixed Assets 180, Current Assets 120. What is the...
- A borrower shows DSCR 1.15, Current Ratio 1.20, Security Coverage 1.10, good promoter integrity but volatile industry outlook for next 2 years. What is the...
- Bank sacrifice NPV ₹20 cr. Promoter brings only ₹4 cr equity and no personal guarantee. What is the correct stance?
- Every individual subscriber is issued a Permanent Retirement Account Number (PRAN) under NPS. How many digits are there in PRAN?
- A bank has Tier I capital of ₹900 crore and Tier II capital of ₹300 crore. Risk Weighted Assets increase from ₹8,000 crore to ₹10,000 crore due to large sa...
- A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ratio...
- Refer to the following Data. Balance Sheet Amount (Rs.) Fixed Assets 3,00,000 Cash 60,000 Inventory 40,000 Total Assets 4,00,000 Share Capital 2,00,...
- The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
- What is the minimum vesting period in case of ESOPs?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt