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5 7 4 3 9 6 5 3 6 3 5 7 1 7 9 3 1 9
The liability of a sole proprietor is:
Which of the following account has a Credit Balance?
With respect to self-balancing ledgers, which of the statement is incorrect?
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
Stock destroyed in fi...
Which of the following statements is INCORRECT?
A company announces a 1:4 rights issue at ₹50 per share when market price is ₹70. What is the value of right?
Ramesh draws a bill on Suresh. Ramesh endorsed the bill to Mukesh. The payee of the bill will be:
With respect to AS 12 (Accounting for Government grants), which of the following statement is incorrect?
Find the gross profit based on the following information.
Opening stock ₹10,000
Credit purchase ₹50,000
Cash purchase ₹60,000...
The amount of depreciation goes on declining every year, in case of: