Which accounts have no existence except more in name?
Personal account
Real account
Nominal account
None of these
___________ accounts are those which relate to such things which cannot be seen or touched but can be felt and it can be purchased and sold.
Tangible real
Intangible real
Both a and b
___________ real accounts are those which relate to things and can be seen or touch.
Tangible
Intangible
Both of these
Assets are always equal to liabilities + _________.
Capital
Expense
Income
None of the above
Find the additional capital introduced from the following information
Capital on 1 - 4 - 2004 Rs. 60,000
Profit or Loss Rs. 20,000
Drawings during the year Rs. 12,000
Capital on 31 - 3 - 05 Rs. 81,000
Rs. 72,000
Rs. 13,000
Rs. 81,000
Rs. 82,000
Find out the closing capital at the end of year 31.3.05 from the following information.
Capital on 1.4.2004 Rs. 40,000
Profit or loss Rs. 25,000Additional capital introduced Rs. 10,000
Drawings during the year Rs. 8000
Rs. 67,000
Rs. 25,000
Rs. 50,000
Find out assets at the end of the year from the following information.(i) Capital at commencement of business Rs. 1,00,000(ii) Liabilities at the end Rs. 70,000(iii) Sales during the year Rs.3,50,000(iv) cost of sales during the years Rs. 3,00,000
1,50,000
Rs. 2,20,000
Rs. 1,60,000
1,25,000
On what side the increase in wages paid will be recorded according to the Rules of debit and credit?
Debit
Credit
