Under the net worth method, the profit can be ascertained by preparing

Related MCQs

• In the case of net worth method of single entry system, the net profit is ascertained by
• In the case of net worth method of single entry system, the net profit is ascertained by
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• Under______ system branch profit or loss is ascertained by preparing branch accounts
• In the course of preparing a company’s cash flow statement, the following figures are to be included in the calculation of net cash from operating activities: Depreciation charges Rs.9,80,000 Profit on sale of non-current assets Rs.40,000 Increase in inventories Rs.1,30,000 Decrease in receivables Rs.1,00,000 Increase in payables Rs.80,000 What will be the net effect of these items in the cash flow statement?
• Profit under the net worth method, when there are no drawings and no additional capital is the difference between:
• The amount of opening stock can be ascertained by preparing
• The amount of credit purchases can be ascertained by preparing a
• The closing capital can be ascertained by preparing
• Credit sales can be ascertained by preparing