From the following figures, calculate operating profit. Rs.Net profit1,00,000Rent received 10,000Gain on sale of machine 15,000Interest on loan 20,000Donation 2,000

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Distinguish between 'preliminary contracts' and 'provisional contracts'.

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Give examples of the relationship between a Human Resource Information System and MIS.

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The characteristics of an entity are referred to as _______.

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Distinguish between a balance sheet and trial balance.

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If opening capital is less than closing capital, it shows: (a) Loss (b) Profit (c) No Profit; No Loss. (d) Profit, if no additional capital is introduced.

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When money is withdrawn from bank, the bank will ____ the customer account

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Annual depreciation of machine is Rs. 40,000, cost of machine is Rs. 5,00,000, rate of depreciation according to straight-line method will be-

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Give two examples of errors of principle.

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The total of purchase book is posted to the ___ of purchase account.

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Which of the following businesses usually maintain incomplete accounting records of the business activities?

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What do you understand by saving a report as snapshot?

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On 16th June, 2016, A draws a bill on B for Rs. 50,000 for 30 days and 19th July is a public holidays. What will be maturity date of the bill ?

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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.

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Last year Ram had borrowed a sum of Rs 20,000 from his friend Mr. Ravi which is still not paid by Ram. Now, Ram has purchased goods from Ravi worth Rs 10,000 for which he has promised to pay him next week. What will be the value of debtors in the books of Ravi, if there are debtors of Rs 50,000 already in the books?

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