From the following particulars of Mumbai Recreation Club, prepare the Receipts and Payments Account for the year ended 31st March, 2023:
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On 1st April, 2022, X started a business with ₹ 40,000 as his capital. On 31st March, 2023, his position was as follows:
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Gurman, a retailer, has not maintained proper books of account but it has been possible to obtain the following details:
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Vikas is keeping his accounts according to Single Entry System. His capital on 31st March, 2022 was ₹ 2,50,000 and his capital on 31st March, 2023 was ₹ 4,25,000
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Following information is supplied to you by a shopkeeper:
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From the following information relating to the business of Abhay who keeps books on Single Entry System, ascertain the profit or loss for the year 2022-23
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Kuldeep, a general merchant, keeps his accounts on Single Entry System
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Mahesh commenced business on 1st April 2022 with a capital of ₹ 10,000. He immediately bought furniture and fixtures for ₹ 2,000
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What is Reverse Repo rate?
It is the rate of interest at which the central bank (Reserve Bank) accepts deposits from commercial banks. Additional Information:- It is the rate of interest at which the Central Bank (Reserve Bank of India) accepts deposits from Commercial Banks.…
Mention any one factor affecting credit creation by banks.
Initial Cash Deposits. Additional Information:- Credit creation depends upon two factors. 1. Initial cash deposits 2. LRR Credit Creation is directly related to initial cash deposits and inversely related to the Legal Reserve Ratio. Credit Creation = Initial Cash Deposits…