Goods in transit are shown in the balance sheet at ______

Related MCQs

• 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?
• Amount due to outgoing partner is shown in the balance sheet as his:
• Securities premium account is shown on the liabilities side of the balance sheet under the head:
• Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______
• Human resources will not appear in the balance sheet according to ______ concept.
• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• On the balance sheet of a company, the value of the asset bought through hire purchase will appear as:
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?