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Formula of net sales
  • 1 answers

Divyanshu Jain 3 hours ago

Net sales = cost of goods sold + gross profit
What is dr. Stands for?
  • 1 answers
Debit (dr) credit (cr)
Adjustment of bill dishonered in final a/c?
  • 1 answers

Divyanshu Jain 3 hours ago

There is no entry in books of final account
Ram draws a bill for 2,000 on Shyam on 15th September, 2017 for 3 months. On maturity, Shyam failed to honour the bill. Pass the necessary Journal entries in the books of Ram and Shyam
  • 1 answers

Divyanshu Jain 3 hours ago

In books of ram B/r a/c dr. 2000 To shayam. 2000 Shayam a/c dr. 2000 To B/r. 2000 In books of shayam Ram a/c dr. 2000 To B/p. 2000 B/p a/c dr. 2000 To ram. 2000
Who is known as the father of accounting
  • 1 answers

Yogita Ingle 1 day, 2 hours ago

Luca Pacioli is referred as the Father of Accountancy. He invented the double entry system of Book-Keeping. He is also called as father of Book - Keeping.

Rectify the following error : credit sales to mohan rs.7000 were not recorded.
  • 2 answers

Meet Bhanushali 1 day, 1 hour ago

Mohan A/c Dr. 7000 To Sales A/c 7000

Jerald Shaju 1 day, 4 hours ago

Sales ac. Dr. 7000 To mohan. 7000
What if owner leaves the business?
  • 1 answers

Himanshu Singh 7 hours ago

If that business is not a joint stock company than it will be closed
which account is not used in trial balance
  • 2 answers

Divyanshu Jain 3 hours ago

Closing stock is not used in trial balance when sometime closing is enter in trial balance it is treated in balance sheet only
Closing stock if not adjusted
Unexpired insurance was Rs600
  • 2 answers
Prepaid insurance A/c dr ₹600 To insurance A/c ₹600

Diya Patel 1 day, 20 hours ago

Prepaid insurance a/c debit and insurance a/c credit
Purchase typewriter for6000 on credit ,in office use pass journal entry
  • 2 answers
Office equipment A/c dr ₹6,000 To creditor A/c ₹6,000 🙂 🙂

Dhruti Mistri 1 day, 21 hours ago

Typewriter to creditor
Is GST included or not in SA-2 examination?
  • 2 answers
Yes it is included in SA-2 examination

Dhruti Mistri 1 day, 21 hours ago

Included
How many chapters come in final exam
  • 3 answers
All chapters

Dhruti Mistri 1 day, 21 hours ago

11

Abhi Sharma 1 day, 23 hours ago

All
Why do we write Assets = liab. + capital , as capital is also liab. ???
  • 1 answers
Yes capital is also treated as liabilities in business due to business entity concept
Give one defination of single entry system
  • 1 answers
Single entry system of accounting is a system in which accounting records are not maintained according to double entry system of book keeping.
Is trial balance statement or an account
  • 1 answers
Trial balance is a statement because it is not prepared for a period of time and is just prepared just on the date of closing of the accounts. Hence, it is just a statement showing the balances of the assets and liabilities and incomes of the business on the date of closing of accounts.
Bank balance as per pass book
  • 0 answers

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