Advertisements
Advertisements
Convert the following Trading and Profit and Loss Account into Vertical Income Statement:
| Dr. | Trading, Profit and Loss Account (for the year ended 31st March, 2020) |
Cr. | |
| Particulars | Amount (₹) |
Particulars | Amount (₹) |
| To Opening stock | 50,000 | By Sales | 6,00,000 |
| To Purchases | 4,50,000 | By Closing Stock | 1,50,000 |
| To Carriage | 20,000 | ||
| To Direct expenses | 30,000 | ||
| To Wages | 50,000 | ||
| To Gross Profit c/d | 1,50,000 | ||
| Total | 7,50,000 | 7,50,000 | |
| To Office expenses | 62,500 | By Gross Profit b/d | 1,50,000 |
| To Finance expenses | 15,000 | ||
| To Selling expenses | 50,000 | ||
| To Net Profit c/d | 22,500 | ||
| Total | 1,50,000 | 1,50,000 | |
Concept: undefined >> undefined
Fees paid by persons to become members of a ‘Not for Profit’ concern.
Concept: undefined >> undefined
Advertisements
Fees paid by persons to become members of a ‘Not for Profit’ concern.
Concept: undefined >> undefined
Receipt and Payment account is a ______ account.
Concept: undefined >> undefined
Receipt and Payment account is a ______ account.
Concept: undefined >> undefined
Select the appropriate answer from the alternatives given below & rewrite the completed statement :
The common size statement requires _____________.
Concept: undefined >> undefined
Give one word/term/ phrase for the following statement
The tool for analysis of financial statement where, individual figures of balance sheet is converted into percentage.
Concept: undefined >> undefined
Explain the following :
Common size balance sheet.
Concept: undefined >> undefined
Solve the following:
In common size balance sheet fixed assets are Rs 50,000 and balance sheet total as Rs 1,50,000. Find out percentage of fixed assets to total assets.
Concept: undefined >> undefined
Write one Word/Term/Phrase for the following statement.
All such receipts which are non-recurring in nature and not forming a part of regular flow of income.
Concept: undefined >> undefined
Write one Word/Term/Phrase for the following statement.
All such receipts which are non-recurring in nature and not forming a part of regular flow of income.
Concept: undefined >> undefined
Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Non-Cash items are not recorded in_____________
Concept: undefined >> undefined
Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Non-Cash items are not recorded in_____________
Concept: undefined >> undefined
State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.
Concept: undefined >> undefined
State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.
Concept: undefined >> undefined
Donation for Scholarship Fund is ______.
Concept: undefined >> undefined
Donation for Scholarship Fund is ______.
Concept: undefined >> undefined
The closing balance of Receipts and Payments account usually represent _______.
Concept: undefined >> undefined
The closing balance of Receipts and Payments account usually represent _______.
Concept: undefined >> undefined
Write the word/phrase/term, which can substitute the following sentence.
The receipts which are not recurring in nature.
Concept: undefined >> undefined
