Question
Which of the following is NOT considered a source
document in accounting?Solution
Explanation: • Source documents (e.g., invoices, receipts, debit notes) act as proof of transactions. • Ledger is a book of accounts , not a source document.
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 25% above the price at which 'A' has purchased it and then sold it after ...
- A merchant buys 10 kg of wheat at Rs. 300 per kg. While selling, he uses a faulty weight that shows 1100 grams instead of 1000 grams but claims to sell it ...
An article is marked x% (0 < x < 40) above its cost price. It is sold by giving x/2% discount on its marked price. If there is a profit of 10(1/2)%, the...
A person named 'X' purchased a mobile phone and a headphone. He sells the mobile phone at a 20% profit and the headphone at a 10%...
The cost price of a laptop and a smartphone is Rs. 60,000 and Rs. 30,000, respectively. The shopkeeper sold the smartphone and the laptop at a loss of 1...
A bought a laptop for Rs.25000. He spent 16% of the amount that he had paid for buying it for its repair. He then sold the laptop to B and earned a prof...
A shopkeeper marked an article 50% above its cost price and made a profit of Rs. 320 when he sold the article after giving a discount of 20%. Find the p...
Akash bought an item for Rs. 250 and marked it ____ above the cost price and gave a discount of ____ and made a profit/loss of Rs...
A shopkeeper sold an article for Rs. 200 after offering a discount of 20%. If he earned a profit of 60%, then find the ratio of cost price to the marked...
A man purchases some number of articles at Rs.729000 and he sells 4/9th of them at 7.5% loss. what profit % did he sell the remaining article to gain 5...
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