A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

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Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

0 Answers   Supraveni Chemicals,

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How to make balance sheet, please advise me in details... Thankx

1 Answers  

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Asset A/c is a ............... (a) Personal a/c (b) Real a/c (c) Expense a/c (d) Personal or Real a/c

4 Answers  

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Tell me what does the investment of personal assets by the owner will do?

0 Answers  

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Is it mandatory having Knowledge of auditing to an accountant ?

5 Answers  

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What allowances & % charged on Basic Salary. And what Benefits and its % charged on Basic Salary.

1 Answers  

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what is bank reconsilation statement?and hw it will be calculating

2 Answers  

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What is the Difference Between Simple Chq. and At Par Chq. ?

4 Answers  

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what is the journal entry for : cheque received from Mr A and sent for collection.

1 Answers  

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why loss is posted on asset side in balance sheet?

2 Answers   Vijaya Bank,

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Explain deduction from house property income U/s (24)?

1 Answers  

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