Get Started with ixamBee
Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowJournal entries, Posting to the Ledger, Trial Balance Period, Financial reporting and Auditing The accounting process typically involves the following steps in this order: Recording transactions in the journal as journal entries. Posting journal entries to the respective ledgers. Preparing a trial balance at the end of the accounting period to ensure that the debits and credits in the ledger balance. Preparing financial statements based on the information in the ledger, such as the income statement, balance sheet, and statement of cash flows. Conducting an audit of the financial statements to ensure their accuracy and compliance with accounting standards and regulations.
A shopkeeper purchased an article for Rs. ‘a’ and marked it 140% above its cost price and sold it after giving two successive discounts of 480 and 2...
A seller marks up the price of an article by 35% and then gives a discount of 20%. What is the profit if the marked price of the article is ₹810?
Roshan purchased 100 rolls of paper for Rs. 32 per roll. He spent Rs. 450 on their transportation. He also paid 20 paise per roll for packing of each ro...
On selling an article for Rs 264 a man loses 4%. In order to gain 12%, find the selling price of the article.
A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less an...
Rohan bought a motor-cycle at a discount of 13(1/3) % on MRP. He earned half the amount of his CP by renting it for 400 days. After that he resells it ...
A shopkeeper sells a product for ₹9000 and gains 20%. If he had bought the product at 10% lower cost price, he would have gained 25%. What will be th...
Profit percentage received on a product when sold for Rs. 650 is equal to the percentage loss incurred when the same product is sold for Rs. 330. Find t...
A shopkeeper sold 46 articles for Rs.6240 and suffered a loss of 16%. How many articles should he sell for Rs. 9360 to earn a profit of 26%?
