If total assets of a business are 1,80,000 and capital is Rs 80,00 find out the current and long term liability of a business.
1,50,000
2,60,000
1,00,000
95,000
According to ____________ concept only those transactions are recorded in the books of accounts which can be measured in terms of money .
The business entity concept
Money measurement
Going concern
Accounting period
________system keeps a complete record of business transactions.
Double entry system
Single entry system
Both of these
None of these
The financial position of the firm is shown through
Profit and loss account
Trading account
Balance sheet
Trail balance
The Receiving aspect in a transaction is called as.
Debit aspect
Credit aspect
Neither of the two
Find out the profit from the following information.
Capital on 1.4.2004 Rs 55,000
Additional capital introduced Rs 10,000
Drawings during the year Rs 12,000
Capital on 31.3.2005 Rs 70,000
Rs 67,000
Rs 13,000
Rs 17,000
Rs 50,000
If the capital a business is Rs. 70,000 and outside liabilities are Rs. 80,000 find out the total Assets of the business.
Rs. 1,00,000
Rs. 1,50,000
Rs. 75,000
1,25,000
