Question
Following is the trial balance of a firm as on
31.03.2022: Additional discount allowed to debtors during the year is ₹20,000. The firm has a policy of maintaining a provision for discount to debtors equal to 10% of the Trade Receivables' balances. Total amount to be charged to Profit and Loss Account (for the year ending 31.03.2022) for discount allowed and provision for discount created will be:Solution
The correct answer is D
The Supreme Court of India recently ruled that accessibility for persons with disabilities (PwDs) is:
- What is the main feature of the upcoming Netbanking 2.0 system by NPCI Bharat BillPay?
Which state is set to implement India’s first dedicated yoga policy?
What is the altitude of the world’s highest motorable road built by India at Mig La Pass, Ladakh?
What significant achievement placed India among the Top 50 countries in the Network Readiness Index 2024?
In the event of the death of a subscriber under PMJJBY, who is eligible to receive the insurance payout?
The Reserve Bank of India (RBI) imposed a penalty of ₹28.30 lakh on SG Finserve Ltd for which violation?
How many districts were included in Telangana's Composite Backwardness Index initiative?
Digital Currency(eRupee) Retail has been launched on which date?
The DRDO-tested indigenous Man-Portable Anti-Tank Guided Missile (MPATGM) is categorised as which generation of missile?
Relevant for Exams:
