Mr. X sold goods to Mr. Y ask Mr. X to keep the goods with him for some time

Related MCQs

• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
• Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?
• Ownership of goods under hire purchase agreement is transferred at the time of:
• Value of goods withdrawn by the proprietor for his personal use should be credited to ____
• Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price
• Goods in transit are shown in the balance sheet at ______
• H.O. has sent goods on invoice price worth Rs 2,40,000 which are 25% above cost price. What is the loading element?