Related Questions

Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
A 1 year from the date of invoice
B 3 year from the date of invoice
C 5 year from the date of invoice
D None of the above
Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?
A Drawings
B Cash
C Business
D Stock
Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
A Yes
B No
C Yes, in specific instances
D Can be availed only after transfer of document of title after movement of goods
জনাব ইমরান একটি কোম্পানির কাছ থেকে '১০/২০, নিট ১০০' শর্তে ধারে কিছু পণ্য ক্রয় করেন। তাঁর ব্যবসায় ঋণের ব্যয় কত? (Mr.Imran purchased some goods in credit terms '10/20, net 100. What is the cost of trade credit?)
A ২০% (20%)
B ৩০% (30%)
C ৪০℅(40%)
D ৫০%(50%)
Goods returned by customer should be debited to which of the following accounts?
A Sales income account
B Sales account
C Return inward account
D Expenses account
What is the net amount of cash paid to the supplier if: Credit purchases $12,000 out of which $2000 were rejected and subsequently returned to the supplier. Supplier allowed a discount of 1% on settlement of amount.
A $10,000
B $12,000
C $9,900
D $11,880
Given a purchases invoice showing five items of Taka 80 each, less trade discount of 25 percent and cash discount of 5 percent, if paid within the credit period, your cheque would be made out for :
A Taka 285
B Taka 280
C Taka 260
D Taka 275
Money, as a means of exchange, is becoming less common in modern societies all over the world. Every year, a higher percentage of purchases are made online, and even in stores customers are now using credit cards. Many people today do all of their banking on the Internet. The author of the passage probably assumes that
A cash will become obsolete in the near future
B societies that do business online will struggle
C paying with credit cards all the time is dangerous
D using cash will become popular again
Two friends M and N have 40% and 60% shares in a business. After some time a third friend joined the business by investing Tk 5 Lac and acquired 20% shares in the business. What is the share of M in the business now ?
A 20%
B 24%
C 28%
D 32%
Two friend M and N have 40% and 60% shares in a business. After some time a third friend joined the business by investing Tk. 5 lac and acquired 20% shares in the business. What is the share of M in the business now?
A 20%
B 24%
C 28%
D 32%

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