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
A Business shows total debtors' balance TK. 4,00,000 in its sales ledger at the end of its financial period . One customer owing TK. 40,000 is bankrupt and there is on possibility of getting the debt paid. A further 2% of debtors are considered doubtful . What debtors' total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200
A Business shows total debtor's balance TK. 4,00,000 in its sales ledger at the end of its financial period. One customer owing TK. 40,000 bankrupt and there is no possibility of getting the debt paid. A further 2% of debtors are considered doubtful. What debtor's total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200
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
Ten new television shows appeared during the month of September. Five of the shows were sitcoms, three were hour-long dramas, and two were news-magazine shows. By January, only seven of these new shows were still on the air. Five of the shows that remained were sitcoms.
A Only one of the news-magazine shows remained on the air.
B Only one of the hour-long dramas remained on the air.
C At least one of the shows that was cancelled was an hour-long drama.
D Television viewers prefer sitcoms over hour-long dramas.
Balance Sheet shows the financial position of the company for ___.
A a particular date
B whole year
C a quarter
D half-year
Which of the following financial statements shows the financial position of a business at a specific date?
A Balance sheet
B Income statement
C Cash flow statement
D Statement of changes in equity
The __________ of a chemical company can be obtained directly from the balance sheet as the difference between current assets and current liabilities.
A Cash ratio
B Net working capital
C Current ratio
D Liquids assets
The heat balance sheet for the boiler shows the
A Complete account of heat supplied by 1 kg of dry fuel and the heat consumed
B Moisture present in the fuel
C Steam formed by combustion of hydrogen per kg of fuel
D All of the above

Next steps