If indemnity period is six months, Standard turnover Rs. 30000, Annual trunover Rs. 75000, Turnover during indemnity period Rs. 12000, then short sales will amount to -

Related MCQs

• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• In which of the following method of sales, if the purchaser can't pay the amount of instalment, the vendor can get the assets as return back ?
• Opening stock Rs. 25000, Purchases Rs. 125000, Sales Rs. 150000, Goods salvaged Rrs. 10000 and Gross Profit is 50% on cost, then the cost of the goods burnt by fire is -
• Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -
• In case of ex-interest transaction, the amount of interest is calculated for the following period.
• In case of purchase and sales of securities ex- interest -
• The main difference between sale under Hire purchase agreement and sales under Installment system is regarding
• Which account is to be prepared to find out sales on credit?
• Total amount payable less its cash price is equal to              -
• Under hire-purchase system the amount of interest is charged to                 Account