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Question
1 What is cash book? Explain the different types of cash book2 Prepare a trial balance from the following
Particulars
Amount
Rs.
Purchases
8,225
Premium on lease
1,200
Wages
1,025
Loan on mortgage
2,500
Sales
12,450
Plant and machinery
2,000
Arun's capital
13,500
Provision for doubtful debts
300
Stock on 1-1-98
1,500
Sundry debtors
16,550
Salary
410
Trade charges
200
Rent and taxes
162
Bad debts
Sundry creditors
2,572
what is the implication of applying accounting concept wrongly
Q. What is Sales revenues? The sale of goods takes place between two parties. The seller of the merchandise transfers them to the buyer in exchange for cash or a promise to pay
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illustrate business cycle with reference to a retail trader which does business on a cash basics
define accounting. Briefly explain its concepts
Q. Explain about Merchandise inventory? Merchandise inventory is the quantity of goods assumed by a merchandising company for resale to customers. Merchandising companies verif
Q. What is accrual basis of accounting? In the following illustration, notice that every business transaction affects two or more accounts in the ledger. As well note that
Received and paid the telephone bill for $231 including GST
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Explain What do you recognized by Open Item Managed Account? Ans) Open item management make sure that all items that have not yet been cleared are available in the system. Only
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