Question
A firm reports the following balances in its trial
balance: The firm provides a discount of 8% on Trade Receivables. The total discount allowed and provision to be accounted for in the Profit and Loss Account for the year ending 31.03.2022 is:Solution
Closing provision required 8% of βΉ1,80,000 = 0.08 Γ 1,80,000 = βΉ14,400 (this is the new required provision) Effect on Profit & Loss What hits P&L for the year? Actual discount allowed (already given): βΉ5,000 Change in provision: New provision: 14,400 Old provision: 12,000 Increase = 14,400 β 12,000 = βΉ2,400 This increase is an extra expense for the year. Total amount debited to P&L Total discount + provision charge: βΉ5,000 + βΉ2,400 = βΉ7,400 So the correct figure to be accounted for in the Profit & Loss Account is βΉ7,400.
If '$ means +',Β '# means β,Β '@ means Γ' andΒ '* means Γ·', then what is the value ofΒ ' 16 $ 4 @ 5 # 72 * 8 ' ?
...If in a certain code language β+β represents βΓβ, βββ represents β+β, βΓβ represents βΓ·β and βΓ·β represents βββ....
What will be the value of the given expression after the following interchanges?
Expression: 48 - 12 + 360 Γ· 6 X 4
Interchanges: Sig...
If 'Γ·' means '+', '+' mean '-', 'x' means 'Γ·' and '-' means 'x', then what will be the value of the given expression:
12 β 6 x 2 + 5 Γ· 9
If β%β means (Γ·), β#β means (-), β@β means (Γ), and β&β means (+), then what is the value of the expression:
42 & 12 # 25 % 5 @...
Select the correct combination of mathematical signs that can sequentially replace the β*β signs and balance the given equation.
11 * 4 * 55 ...
If β%β means (Γ·), β#β means (-), β@β means (Γ), and β&β means (+), then what is the value of the expression:
75 & 15 # 50 % 2 @...
If '+' means '-', ' X ' means '+', '-' means 'Γ·' and 'Γ·' means ' X ', then what is the value of the following expression?
480 - 12 + 250 X 3...
In a certain code of language, β+β represents βxβ, β-β represents β+β, βxβ represents βΓ·β and βΓ·β represents β-β what ...
Select the number from among the given options that can replace the question mark (?) in the following series.
24, 35, 51, 73, 102, ?
...