Related Questions

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
In declining balance method of depreciation calculation, the
A Value of the asset decreases linearly with time
B Annual cost of depreciation is same every year
C Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
D 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
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
"The day is declining". What is the Bengali meaning of the sentence?
A দিনকাল খারাপ যাচ্ছে।
B বেলা পড়ে আসছে।
C সময় নষ্ট হচ্ছে।
D দিন অধঃপতিত হচ্ছে।
The day is declining . What is the Bengali meaning of this sentence.
A দিনকাল খারাপ যাচ্ছে
B বেলা পড়ে আসছে
C সময় নষ্ট হচ্ছে
D দিন অধঃপতিত হচ্ছে
The three major cereals in India under high yielding varieties in declining order are ________
A Wheat, paddy and coarse cereals
B Barley, wheat and coarse cereals
C Paddy, wheat and coarse cereals
D Coarse cereals, paddy and wheat
Which of the following sequence is correct in their declining productivity?
A Mangrove, Ocean, Grassland, Lakes
B Ocean, Lake, Grassland, Mangrove
C Ocean, Mangrove, Lakes, Grassland
D Mangrove, Grassland, Lake, Ocean
Blue Sky Company began the year with a balance in inventory of TK. 110,000 and ended the year with a balance of Tk. 102,000. The net sales for the year were Tk. 983,000 with a gross profit on sales of Tk. 295,000. What was the inventory turnover ratio ?
A 2.78 times
B 9.27 times
C 6.49 times
D 2.89 times

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