Capital at the beginning of the year is ascertained by preparing

Related MCQs

• Opening capital is ascertained by preparing:
• The closing capital can be ascertained by preparing
• The amount of opening stock can be ascertained by preparing
• Under______ system branch profit or loss is ascertained by preparing branch accounts
• The amount of credit purchases can be ascertained by preparing a
• Under the net worth method, the profit can be ascertained by preparing
• Credit sales can be ascertained by preparing
• Credit purchases can be ascertained by preparing
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :