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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 method of inventory recording which produces high inventories in balance sheet is classified as
A First out receivable
B First in first out
C Last in first out
D last out receivable
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
In the balance sheet current account is usually listed-
A by liquidity
B by importance
C by enduranceal
D Phabetically
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
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
Choose the correct option to replace the quotation part of each sentence. In an effort to reduce their inventories, Italian vintners have cut prices, their wines 'have been priced sell, and they are'
A have been priced to sell, and they are
B are priced to sell, and they have
C are priced to sell, and they do
D had been priced to sell, and they have
Choose the correct option to replace the quotation part of each sentence. Rising inventories, 'when unaccompanied correspondingly by increases in sales, can lead' to production cutbacks that would hamper economic growth.
A when unaccompanied correspondingly by increases in sales, can lead
B when not accompanied by corresponding increases in sales, possibly leads
C when they were unaccompanied by corresponding sales increases, can lead
D if not accompanied by corresponding increases in sales, can lead

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