Bills of Rs. 4,000 accepted by us in favour of our creditor are dishonoured on due date. It will result in
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Furniture costing Rs. 20,000 is sold at a profit of Rs. 2,000 for cash. It will result in
- Zenith Ltd. purchased furniture from Divesh for Rs. 2,20,000. 25% of the amount due was paid by cash and ba...
- A, B and C were partners sharing profits in the ratio 5 : 4 : 1. 'A' retired and new ratio was decided as 3...
- Calculate notional profit on a contract undertaken of which 80% work has been completed. Total expenditure ...
- A club has the following balances at the beginning of a year: Subscription outstanding: Rs. 15,000 Subscrip...
- Mr Ram bought a DVD set for Rs. 14,000. He sold it to Sham for Rs. 18,000. Sham sold it to Raj for Rs. 24,0...
- The book value of investment is Rs. 1, 20,000 and investment fluctuation fund is appearing at Rs. 15,000. T...
- COGS = Rs. 2,00,000, Gross loss = Rs. 40,000, Operating expenses = Rs. 30,000 Calculate net sales.