Single entry feb 18
Authored by nirvair nanda
Arts
12th Grade
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Closing capital
3,00,000
Drawing 1,00,000
Additional capital 50,000
Opening capital 50,000
Find profit
1,00,000
2,50,000
3,00,000
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Opening capital 1,00,000
capital introduced 2,00,000
Profit 1,00,000
Drawing 50,000
Closing capital will be
,3,00,000
3,50,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Drawing per month
2,000
Drawing will be
6,000
24,000
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Ram sold personal investment 3,00,000 at 20% premium
And investment into business
Additional capital will be
3,00,000
2,40,000
3,60,000
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Debtors 3,00,000
Adjustment
1 bad debts 1,00,000
2 new provision for doubt full debts 10%
Debtors will show in balance sheet
2,00,000
1,80,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Old bad debt 4,000
New bad debts 10,000
New provision 5,000
Old provision 2,000
Amount will debited in profit and loss account
21,000
17,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance 60,000 paid upto 31 December
Prepaid insurance will be
30,000
45,000
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