During the financial year,Rajan had cash sales of Rs.4,50,000 and credit sales of Rs.3,00,000.Expenses incurred for the year were Rs.3,50,000 out of which Rs.1,50,000 are still to be paid. Find out Rajan's income following (i) Cash Basis of Accounting (ii) Accrual Basis of Accounting.

☆ ☆ ☆ ☆ ☆ ( 5 ) . 1 Rating

4 views . 0 comments . .

Download Solution PDF

Give Rating

Tab1

Tab three

Report

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

Start Quiz

Previous Next

Mock TestView All Free Test

Write Your Comments or Explanations to Help Others

Comments(0)

Solve Similar Accountancy Questions For Self Study

Which one of the following characteristics best applies to an allosteric effector?

You are Amit/Amita staying at Sunrise Apartments, Gymkhana Road, Pune. The main road leading to this colony has three open manholes causing frequent accidents at night. Your apartment association has complained to the Civic body of your locality multiple times but to no avail. There are no working street lights on the road as well. You are writing a letter to the editor of a leading newspaper to express your concern about the apathy of the authorities towards this situation. Choose the most appropriate options.Select the option below which has the most appropriate checklist for this letter.[0.8 marks]

The size of the moon appears to _________ after the new moon.

Pick the man made resources from the following list below.

Manu needs to buy the following things for a project.Lens₹75Battery₹125Hardboard₹63Clips and pins₹27Bulb₹25He has only ₹200. How much is he falling short of his budget?

In the system shown, the generator is delivering 1 p.u. power. The voltage behind transient reactance is 1.05 p.u. and infinite bus voltage is 1 p.u. If the system is subjected to a 3−ϕ fault on point P, the critical clearing angle is______electrical degrees.[H=5 MJ/MVA.f = 50 Hz]

Match List-I (Post-tensioning system) with List-II (Arrangement of tendons in the duct ) and select the correct answer using the codes given below the lists: List- IA. FreyssientB. Gifford-UdallC. Lee-McCallD. Magnel BlatonList- II1. Single bars2. Wires evenly spaced by perforated spacers 3. Horizontal rows of four wires spaced by metal grills4. Wires spaced by helical wire core in annular spacerCodes: A B C D

A large scale bearing capacity test on a footing of size 1.05 m × 1.05 m at a depth of 1.5 m yielded an ultimate value of 141 kN. Unconfined compression tests on the soft saturated clay yielded strength of 0.33 N/mm2. If the unit weight of the soil is 1.6 g/cc, how much does the test value differ from that obtained using Terzaghi's bearing capacity equation?6.804

Read the given passage carefully and answer the questions that follow:Unless one is wealthy there is no use in being a charming fellow. Romance is the privilege of the rich, not the profession of the unemployed. The poor should be practical and prosaic. It is better to have a permanent income than to be fascinating.These are the great truths of modern life which Hughie Erskine never realised. Poor Hughie! Intellectually, we must admit, he was not of much importance. He never said a brilliant or even an ill-natured thing in his life. But then he was wonderfully good-looking, with his crisp brown hair, his clear-cut profile, and his grey eyes. He was as popular with men as he was with women, and he had every accomplishment except that of making money. His father had bequeathed him his cavalry sword, and a History of the Peninsular War in fifteen volumes. Hughie hung the first over his looking-glass, put the second on a shelf between Ruff's Guide and Bailey's Magazine, and lived on two hundred pounds a year that an old aunt allowed him. He had tried everything.He had gone on the Stock Exchange for six months; but what was a butterfly to do among bulls and bears? He had been a tea-merchant for a little longer, but had soon tired of pekoe and souchong. Then he had tried selling dry sherry. That did not answer; the sherry was a little too dry. Ultimately he became nothing, a delightful, ineffectual young man with a perfect profile and no profession. To make matters worse, he was in love. The girl he loved was Laura Merton, the daughter of a retired Colonel who had lost his temper and his digestion in India, and had never found either of them again. Laura adored him, and he was ready to kiss her shoe-strings. They were the handsomest couple in London, and had not a penny-piece between them. The Colonel was very fond of Hughie, but would not hear of any engagement. 'Come to me, my boy, when you have got ten thousand pounds of your own, and we will see about it,' he used to say; and Hughie looked very glum on those days, and had to go to Laura for consolation. One morning, as he was on his way to Holland Park, where the Mertons lived, he dropped in to see a great friend of his, Alan Trevor. Trevor was a painter. Indeed, few people escape that nowadays. But he was also an artist, and artists are rather rare. Personally he was a strange rough fellow, with a freckled face and a red ragged beard. However, when he took up the brush he was a real master, and his pictures were eagerly sought after. He had been very much attracted by Hughie at first, it must be acknowledged, entirely on account of his personal charm.'The only people a painter should know,' he used to say, 'are people who are bête (silly) and beautiful, people who are an artistic pleasure to look at and an intellectual repose to talk to. Men who are dandies and women who are darlings rule the world, at least they should do so.’ However, after he got to know Hughie better, he liked him quite as much for his bright, buoyant spirits and his generous, reckless nature, and had given him the permanent entrée to his studio. Adapted from ‘The Model Millionaire’ by Oscar WildeA word is given below, choose the correct sentence that uses the word in a different meaning from that which it carries in the passage. "Dropped"

In figure, the velocities are in ground frame and the cylinder is performing pure rolling on the plank, velocity of point 'A' would be

Two 100μA full sale PMMC meters are employed to construct a 10 V and a 100 V full scale voltmeter.These meters will have figure of merits (sensitivities)as

The Nyquist plot for the open-loop transfer function G(s) of a unity negative feedback system is shown in the figure, if G(s) has no pole in the right-half of s-plane, the number of roots of the system characteristic equation in the right-half of s-plane is

Are you worried how you'll answer job interview questions? Don't panic! Interview question has got them all listed out for you in every industry , job role and company you can think. Simply,Choose a subject/topic and start preparing for your next interview round!

Explore Other Libraries

Online Exams

Question Bank

Career News

Feeds

Full Forms

Dictionary

Interview Question

Related Searches

Standard XI Interview Question Accountancy Interview Question

ABOUT HOW IT WORKS PRIVACY POLICY
TERMS & CONDITIONS CANCELLATION & Refund Policy CONTACT

Copyright (c) 2021 TuteeHUB

OPEN APP