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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?
Raj Goyal has bank account in XYZ bank. According to his cash book, his bank balance on 31 March was Rs. 7,340. He sent the cheques of Rs. 3,450 to his bank for collection but cheques amounting to Rs. 345 were not collected by that date. Out of the cheques issued by him towards payment of his debts, cheques of Rs. 790 were not presented for payment. What is the balance as shown by his bank passbook?
The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks. 2. Payment Banks can issue both credit cards and debit cards. 3. Payment Banks cannot undertake lending activities. Select the correct answer using the code given below.
Which of the following statement/s is/are correct?
1. Payment bank cannot issue credit cards.
2. There is a limit on maximum balance of individual customer in payment bank.
3. SLR requirements for payment banks and small banks is less than commercial banks.
4. Priority sector lending up to 40% is mandatory for both private banks and small banks.
In a cement factory there are 95 workers, 57 workers support cash payment method and 76 workers support online payment method, If every worker support at least one payment method then find the number of workers who support both payment methods?
As of 31.01.2019, the cash book balance is Rs. 12,000. Amount adjusted to Treasury by the way of towards a payment Tax i Rs. 5000. Cheque issued towards a payment for a work Rs. 17,000 is still uncashed. What is the balance of funds in Gram Panchayat as per pass book?
The devaluation of currency of a country is done when
1. it has adverse balance of payment.
2. it has favourable balance of payment.
Select the correct answer
Which of the following events after the balance sheet date would normally qualify as adjusting events according to AS-4 (Events after balance sheet date)? (A) The insolvency of a customer on the balance sheet date (B) A decline in the market value of investments (C) The declaration of an ordinary dividend (D) The determination of the cost of assets purchased before the balance sheet date Choose the most appropriate answer from the options given below:
Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet.
Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit & loss a/c or in the balance sheet.
Now, select the correct answer:
Which one of the given responses would be a meaningful order of the following? 1. Add the item which you like into the cart. 2. Search for the product you want on the site. 3. Proceed onto the payment page. 4. Log into your Amazon account. 5. Find the item, which you like from the given products. 6. Make the payment through different payment modes available.