A purchase of 49,500 from Shiva was recorded in Purchases Book as 59,400, the profit would show

Related MCQs

• In a overdraft balance as per cash book, a cheque of 1,250 deposited into bank but not recorded in cash book will be
• When opening stock 50,000; closing stock 40,000; purchases 1,90,000 profit margin is 16.67% on sales, the sales are:
• Purchases book is used to record
• From the following details ascertain the adjusted bank balance as per Cash Book – overdraft as per Cash Book 1,60,000; cheque received entered twice in the Cash Book 10,000; credit side of bank column cash short by 1,000; bank charges amounting to 400 entered twice:
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• Credit purchase of fixed asset is recorded in
• Purchase of a fixed asset on credit basis is recorded in …………….
• Sales of 6,570 is recorded in the sales book as 6,750. Such Error is known as
• Which of the following transaction is not recorded in cash book?
• In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be