Question
A company fails to accrue wages for march that will be
paid in April. The company’s year-end balance sheet liabilities:Solution
Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
- A merchant made a profit of Rs. 600 on selling a gadget. Had the cost price been Rs. 400 lower and the selling price Rs. 900 more, the profit would have be...
When entering text within a document, the Enter key normally pressed at the end of every
Who among the following person is from the 8th standard?
N, O, P, Q and R are five friends sitting around a circular table facing away from the centre. P is sitting immediate left of R. P is not an immediate n...
What will be the fifth step for an input whose second step is given below?
Step II: 51 69 49 87 93 77 70 56
Study the given pattern carefully and select the number that can replace the question mark (?) in it. Â
First row: 14, 22, 31
Second row:...
The group of wires that transfer data are known as the:
1. Walls
2. Floor
3. Roof
4. Room
5. Foundation
6. Window
- Employee P manufactures 24 bottles an hour, and Employee Q manufactures 16 bottles per hour. If 20% of the bottles are damaged, how much time is required t...
A person bought a mobile phone at a 10% discount. If he had bought it at a 20% discount, he would have saved â‚ą3000 more.
Find the market price ...
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