Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Following information is supplied to you by a shopkeeper: 3.10K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans From the following information relating to the business of Yug, who keeps books on Single Entry System, ascertain the profit or loss for the year ended 31st March, 2023 2.27K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Kumaran, a trader, does not keep proper books of account, However, he furnishes you the following particulars: 1.86K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Angad keeps his books on Single Entry System He gives the following information: 2.18K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans X, a retailer, has not kept proper books of account but it has been possible to obtain the following details: 1.90K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans On 1st April, 2022, Shiv started a business with ₹ 40,000 as his capital. On 31st March, 2023, his position was as follows 1.99K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Kuldeep, a general merchant, keeps his accounts on Single Entry System. He wants to know the results of his business on 31st March, 2023 and for that the following information is available 2.02K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Shiv maintains his books of account on Single Entry System. His books provide the following information 1.94K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Prashad keeps his books on Single Entry System, and from them and the particulars, supplied, the following figures were gathered on 31st March, 2023 1.74K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Kapil started his business on 1st April, 2022 with a Capital of ₹ 10,000. On 31st March, 2023, his assets were: 1.65K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Ranjeet maintains books of account on Single Entry System. He gives you the following information: 1.26K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans Capital of Gaurav in the beginning of the year was ₹ 70,000. During the year his business earned a profit of ₹ 20,000 1.56K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans The following information of an accounting year is given: Opening Capital ₹ 60,000; Drawings ₹ 5,000; Capital added during the year ₹ 10,000 and Closing Capital ₹ 90,000 1.64K viewsAnurag Pathak Changed status to publish October 28, 2023Incomplete Records 0 Votes 1 Ans A Trial Balance disclosed a difference of ₹ 217 placed on the credit side of the Suspense Account. Later on the following errors were located 2.69K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance extracted from the books of Anil on 31st March, 2022 did not agree. The difference was transferred to a Suspense Account 2.09K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans An accountant while balancing his books found that there was a difference of ₹ 860 in the Trial Balance 2.43K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance of M/s. Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Accounts on 31st March, 2022, this difference is placed in a Suspense Account 2.38K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans You are presented with a Trial Balance showing a difference which has been carried to the Suspense Account and the following errors are subsequently identified 2.73K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The following mistakes were identified in the books of a firm after its books were closed and a Suspense Account was opened in order to match Trial Balance: 2.12K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance of a bookkeeper shows an excess of debits over credits by ₹ 261. This difference is placed in a Suspense Account to facilitate books closure 2.28K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans A book keeper failed to balance his Trial Balance, the credit side exceeding the debit side by ₹ 175. This amount was entered in a Suspense Account 3.16K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans The Trial Balance of Rajesh did not agree and the difference in books was carried to a Suspense Account 2.56K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans There was an error in the Trial Balance of Ram Gopal on 31st March, 2022, and the differnece in books was carried to the Suspense Account. On going through the books, you find that: 1.43K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Pass Rectifying Journal entries: Sale of goods to Raja Ram for ₹ 2,500 was passed through the Purchases Book. 2.50K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification 0 Votes 1 Ans Rectify the following errors: Wages paid for the construction of office debited to the Wages Account ₹ 6,000. 1.79K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification « Previous 1 2 … 109 110 111 112 113 … 173 174 Next » Question and answer is powered by anspress.net