Tag: stages and functions of accounting
Questions Related to stages and functions of accounting
Vouching may be formed as ____________________.
Which is an unearned income?
The bank statement reports a credit transfer of Rs.$4000$ from a customer. Accounting entries for this is _____________________.
The characteristic that is always present with joint venture is _____________.
India suffered from deficit balance both in trade and balance and not invisibles, hence took up a number of Steps to manage the problem. Which one is not appropriate for this?
Current assets are those assets which get converted into cash ___________ .
Fresh capital introduction will increase _______________.
Financial assets _________.
Capital gain of Rs. 75 lakh arising from transfer of long term capital assets will be exempt from tax if such capital gain is invested in the bonds redeemable after three years, issued by NHAI u/s 54EC of the Act.
"For the financial year ended as on March 31, 20XX the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs 29, 000; Purchases Rs 2, 42, 000; Sales Rs 3, 20, 000; Gross Profit 25% of Sales. Stock Turnover Ratio will be".