Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?

A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600

Correct Answer: Tk. 600

Bissoy MCQ
#অর্থনীতি #Janata Bank Ltd #Janata Bank Ltd - Executive Officer - 26.06.2015

Related Questions

The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
কয়েক বছর পূর্বে ঝিলমিল ট্রেডার্স ৫,০০,০০০ টাকা ব্যয়ে একটি অফিস সরঞ্জাম ক্রয় করে যার ভগ্নাবশেষ মূল্য ধরা হয় ৫০,০০০ টাকা। বার্ষিক ১০% হারে সরলরৈখিক পদ্ধতিতে অবচয় ধার্য করে আজ পর্যন্ত পুঞ্জীভূত অবচয় হয়েছে ২,২৫,০০০ টাকা। আজ এটি ২,৫০,০০০ টাকায় বিক্রয় করা হলে কত টাকা লাভ বা ক্ষতি হবে? (A few years ago, Jhilmil Traders purchased an office equipment at a cost of Tk. 5,00,000 and estimated its salvage value of Tk. 50,000. As of today, the accumulated depreciation at 10% per annum under straight-line method is of Tk. 2,25,000. Today if it could be sold for Tk. 2,50,000, what would be the gain or loss on this sale?)
A ক্ষতি ৩,০০,০০০ টাকা (Tk. 3,00,000 loss)
B ক্ষতি ২৫,০০০ টাকা (Tk. 25,000 loss)
C লাভ ২৫,০০০ টাকা (Tk. 25,000 gain)
D লাভ ২,৭৫,০০০ টাকা (Tk. 2,75,000 gain)
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
A Tk 0
B Tk 4,500
C Tk 11,500
D Tk 23,000
E None of these
Square Company purchased a piece of equipment on January 1, 2022. The equipment cost was Tk 60,000 and had an estimated life of 8 years and a salvage value of Tk 8,000. What was the depreciation expense for the asset for 2023 under the double declining balance method?
A Tk 6,562
B Tk 6,500
C Tk 11,250
D Tk 15,000
E None of these
২০২০ সালে রাসনা কোম্পানির সম্পত্তি ৭০,০০০ টাকা কমেছে এবং দায় ১০০,০০০ টাকা বেড়েছে। ফলশ্রুতিতে মালিকানা স্বত্ব ___। (During 2020 Rashna Company's assets decreased by Tk. 70,000 and liabilities increased by Tk. 1,00,000. Its owners' equity, therefore ____.)
A ১,৭০,০০০ টাকা বেড়েছে (increased by Tk 1,70,000)
B ১,৭০,০০০ টাকা কমেছে (decreased by Tk 1,70,000)
C ৩০,০০০ টাকা বেড়েছে (increased by tk 30,000)
D ৩০,০০০ টাকা কমেছে (decreased by Tk. 30,000)
A television producer sold 150 televisions in a special 6-day sale offer. During the sale offer, each day the company sold 6 more televisions than what was sold the day before. How many televisions were sold on the 6th day?
A 40
B 42
C 45
D 50
Milo has the year-end balances as follows: Account receivables TA. 5000; Supplies TA. 12,000; Equipment's TA. TA. 18,000; Accounts payable TA. 17,000 and Owner's equity TA. 43,000. The cash account balance was not available at year-end, Given the account balances listed, the balance in the cash account should be:
A TA. 25,000
B TA. 95,000
C TA. 43,000
D Can't be determined
Kiran purchased a scooter for Tk.52000. He sold it at loss of 10%. With that money he purchased another scooter and sold it at profit of 20%. What is his overall loss profit?
A tk.2060 profit
B tk.2560 loss
C tk.1340 loss
D tk.4160 profit
Kiran purchased a scooter for Tk. 52000. He sold it at loss of 10% .With that money be purchased another scooter and sold it at profit of 20% What is his overall loss/ profit?
A Tk. 2060 profit
B Tk. 2560 loss
C Tk. 1340 loss
D Tk. 4160 profit

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