A change in accounting policy is justified
Basic Object of preparation of a trial balance -
Cheques of Rs. 2500 issued but not presented within the period.
Choose Appropriate option from below, When preparing a Bank Reconciliation Statement and it starts with Debit balance as per Cash Book.
Calculate Yearly depreciation under Straight Line Method.
Original cost Of Assets Rs. 5,00,000, Salvage value Rs. 20,000, Useful Life 6 years.
Find out the value of closing stock If Average Stock is Rs 36,000 and Closing stock is Rs 7,000 more than opening stock.
As on 31st March 2016, Closing balance of Sundry Debtor was Rs. 5,30,000 in Balance Sheet of Mehta and Sons. During financial year 2016-17, total sales amounting Rs. 3,98,000 and Payment received from sundry debtor amounting Rs. 4,75,000.
Ascertain Closing Balance of Sundry Debtor as on 31st March 2017.