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what is meant by mutually exclusive ?
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what is earnest money ?
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what is binding contract ?
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sales is real or nominal account ?
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Q. A of Ahmedabad sent out certain goods so as to show a profit of 20% on IP. 1/10th of the goods were . lost in transit. The cost price of goods lost is 20,000. The invoice value of goods sent out is:
(a)Rs. 2,50,000 (b) 2,00,000 (c) 225,000 (d) 2,40,000
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Q.6 Date of purchase 1.7.2006, Purchase Price of Machine Rs. 1,40,000, Installation charges Rs. 60,000, Residual value Rs. 81,290, Accounting year- Financial year, Date when machine was put to use- 1.10.2006, the depreciation under SLM for the year 2006-2007 Rs. 14,760 The useful life of the Machine is— 1) 6 years 2) 5 years 3) 4 years 4) None of these
Correct Answer: 3
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The cost of the machinery in use with a firm on 1st April, 2005 was Rs. 6,25,000 against which the depreciation provision stood at Rs. 3,01,250 on that date; the firm provided depreciation at 10% of diminishing value. On 31st December, 2005, machines costing Rs. 25,000 purchased on 1st October, 2004, had to be discarded because of damage. The discarded machine was sold for Rs. 20,000. Calculate the WDV of Machine as on 31st March, 2006. 1) Rs. 3,23,750 2) Rs. 2,70,000 3) Rs. 2,40000 4) None of the above.Respect Sir, Please give me solution of this question.
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Q.4 The cost of the machinery in use with a firm on 1st April, 2005 was Rs. 6,25,000 against which the depreciation provision stood at Rs. 3,01,250 on that date; the firm provided depreciation at 10% of diminishing value. On 31st December, 2005, machines costing Rs. 25,000 purchased on 1st October, 2004, had to be discardedtion because of damage. The discarded machine was sold for Rs. 20,000. Calculate the WDV of Maivechine as on 31st March, 2006.
1) Rs. 3,23,750 2) Rs. 2,70,000 3) Rs. 2,40,000 4) None of the above.
Doubt: Sir, Please solution of this question?
Asked by 7 months ago, View All Answers
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Q.1 According to AS-6 which of these methods is commonly used in commercial and industrial undertakings. 1) Annuity Method. 2) Production hour Method. 3) Sinking Fund Method. 4) Diminishing Balance Method. Correct Answer: 4
Q.5 According to AS-6 which of these methods is commonly used in commercial and industrial undertakings: 1) Straight line method 2) Annuity Method 3) Production hour Method 4) Sinking Fund Method Correct Answer: 1
Doubt: Respect sir, Here, both question are same but answers are different How?
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