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Mutri Kadila 3 weeks, 6 days ago

Provision is a charge against profit that created to meet future possible losses like bad debts.
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Priyanshu Singh 1 month, 1 week ago

That's goods which doesn't use for long time in business is know as non current assets.
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Priya Sharma 1 month, 1 week ago

XX % of commission / 100 +rate of commission

Akashi Baruah 1 month, 2 weeks ago

net profit before commision×20/100
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Priyanshu Singh 1 month ago

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Kartik Gupta 1 month, 2 weeks ago

10 percent
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Priya Sharma 1 month, 1 week ago

Premises or property where the business has gone is property or plants and equipment and in final account asset side of balance sheet

Antima Agarwal 1 month, 2 weeks ago

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QUESTION Ananya started a business of fashion jewellery on x ^ 3+ Apr 2015 under the name of "MY STYLE". She invested 25,00,000 as capital She also took a loan of 2,00,000 from HDFC BANK Itd payable in ten half yearly installment beginning from 30th September 2018 at an interest rate of 10% pa The amount of loan and interest to be repaid in first year each as follows! 30th September, 2018 [20,000 + 10000 interest) 31 th March, 2019 (20,000 + 9000 interest) She took a shop at Hent for her business at a monthly rent of 7,000 per month She purchased furniture for her shop at a cost of Hupees 80,000, she also deposfied Security with BSES and MTNL of 210,000 $ 6000 respectively. All the payments and receipts during the year where made through bank (except capital). At the end of the year, the books of MY STYLE Showed the following INFORMATION AMOUNT Total Salus 12,80,000/- Purchaser 4123001- carn 2100001- credit Electriuty expenses cash 240001- Due but not paid. 13501- Telephone expenser Carh 137001- Due but no paid 21001- Entertainment expensi 23401- Salaries 20000 l^ - Miscellaneous expenses. 92001- Permonth ng the year, ananya withdrew # 0000-00 Dwing the her personal use, Bank loans interest on loan where paid on due datey Journalise the above transaction post them into the ledger-prepare treal balance after charging depreciation on furniture @100% p.a. Closing Stock was valued at & 125000 by chique for Prepare trading & PIL AIC for the year ending 31 mar 19, and a balance sheet that date.
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Sapna Sapna 1 month, 4 weeks ago

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