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Q. Which of these errors affects only one account?

Q. Y-draws a trade bill of 12,000 for 6 months on X. After holding the bill for 2.5 months, Y discount the bill with bank @ 10% p.a. The amount of discount on bill is

Q. At the time of dishonor of an endorsed bill, which account would be credited by the drawee?

Q. X sends out certain goods to Y, costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold by R at 1,76,000. Commission 5% upto invoice value a nd 10% of any surplus above invoice value. The amount of commission will be

Q. In case of depreciable assets are revalued, the provision for depreciation is based on

Q. Goods taken from business for personal use by the proprietor should be credited to

Q. Goods bought for 25,000 passed through sales day book will result in

Q. The Depreciation Account is closed at the end of the year by transfer to the

Q. Retirement of bill means

Q. Capital expenditures are shown in the