Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Ram draws a bill for ₹ 2,000 on Shyam on 15th September, 2020 for 3 months. On maturity, Shyam failed to honour the bill 2.02K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Mohan draws a bill on Jagat for ₹ 10,000 payable 2 months after date. Immediately after its acceptance, Mohan sends the bill to his bank for collection 2.16K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A sold goods to B for ₹ 20,000. B accepts two bills of ₹ 10,000 each for 3 months. A endorsed one bill to C 3.00K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 10th July, 2020, A sold goods to B for ₹ 35,000. He drew on him a 3 months bill for ₹ 35,000 2.55K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A sold goods to B for ₹ 20,000 on credit of 3 months. B accepted a draft for the amount. The draft was endorsed in favour of C, who got the payment on maturity 2.39K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi 2.48K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A drew a bill of ₹ 1,000 on B which was duly accepted by the latter. A endorsed the bill to C in full payment of his own acceptance to C for a like amount 2.28K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Vinod sold goods to Darbara for ₹ 10,000. Vindo drew on the latter a bill for the amount payable 3 months after date 2.52K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Dinesh received from Shridhar an acceptance for ₹ 9,000 on 1st September, 2022 at 3 months. Dinesh got the acceptance discounted at 9% p.a. from his bank 2.77K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Mohan sold goods to Kumar for ₹ 10,000. He drew on him a bill for ₹ 10,000 payable 3 months after the date 2.75K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st January, 2023, A sold goods to B for ₹ 10,000. A drew on B a bill for the amount payable 3 months after date. The bill was duly accepted by B 3.37K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans On 10th March, 2023, Gopal draws on Sanjay a bill at 3 months for ₹ 20,000 which Sanjay accepts immediately and returns to Gopal. The bill is honoured on due date 2.65K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st April, 2020, Amit Kumar purchased five machines for ₹ 60,000 each. Depreciation @ 10% p.a. on initial cost has been charged from the Profit & Loss Account and credited to Provision for Depreciation Account 4.17K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans Sharma & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2020, additional machinery was acquired for ₹ 50,000 on 1st October, 2020 4.55K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans Following balances exist in the books of Amrit as on 1st April, 2022 Machinery A/c 60,000 Provision for Depreciation A/c 36,000 3.32K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000 4.71K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following balances appear in the books of Satish Bros. on 1st April, 2022 Machinery Account ₹ 1,00,000 Accumulated Depreciation Account ₹ 36,000 3.83K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans You are given following balances as on 1st April, 2022 Machinery Account ₹ 12,50,000 Provision for Depreciation Account ₹ 2,90,000 5.34K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans The following information relates to Tit-Bit & Company’s Machinery Account Balance of Machinery Account as on 1st April, 2022 6,00,000 4.15K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 4.03K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans M/s P & Q purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the diminishing balance 4.55K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans Astha Engineering Works purchased a machine on 1st July, 2019 for ₹ 1,80,000 and spent ₹ 20,000 on its installation 3.50K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A company purchased machinery for ₹ 50,000 on 1st October, 2020. Another machine costing ₹ 10,000 was purchased on 1st December, 2021 5.40K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans X bought a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middleman, ₹ 3,500 for installation and ₹ 500 for an iron pad 3.82K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation 0 Votes 1 Ans A firm whose books are closed on 31st March each year, purchased a machinery for ₹ 50,000 on 1st April, 2019. Additional machinery was acquired for ₹ 10,000 on 1st October, 2020 4.48K viewsAnurag Pathak Changed status to publish October 24, 2023Depreciation « Previous 1 2 … 116 117 118 119 120 … 175 176 Next » Question and answer is powered by anspress.net
