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
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
Which of the following items would not appear in a company's balance sheet?
A Value of stocks of raw materials held
B Total issued capital
C Revenue from sales of the company's products
D Cash held at the bank
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
A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant.
A Current asset
B Current liability
C Long term debt
D Profit
Which of the following is not an item of Balance Sheet?
A Accounts receivable
B Accounts payable
C Sales revenue
D Marketable securities
Which reserve is not shown in the Balance sheet?
A Secret reserve
B General reserve
C Capital reserve
D All of the above
Which liability is not included in the total of Balance Sheet?
A Current liabilities
B Contingent liabilities
C Fixed liabilities
D All of the above

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