Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2010
1. When a bill of exchange is discharged ,the acceptor debits :
Creditor’s Account
Cash Account
Bills Payable Account
Debtor’s Account
2. A debit balance in a personal account represents______________
Liability
Asset
Cash at Bank
Creditors
3. Under consequential loss insurance, in order to find out the loss of profit, the gross profit ration is applied on the _____________ caused by fire during he indemnity period or the dislocation period.
Profit on Turnover
Selling Price
Loss of Turnover
Purchase price
Creditor’s Account
Cash Account
Bills Payable Account
Debtor’s Account
2. A debit balance in a personal account represents______________
Liability
Asset
Cash at Bank
Creditors
3. Under consequential loss insurance, in order to find out the loss of profit, the gross profit ration is applied on the _____________ caused by fire during he indemnity period or the dislocation period.
Profit on Turnover
Selling Price
Loss of Turnover
Purchase price
16 February 2010
1.Cash A/c Credit
2.Asset
3.Loss of turnover
1.Cash A/c Credit
2.Asset
3.Loss of turnover
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- New GST registration for new place of business.
- FAST-DS Scheme - Foreign Assets
- Dep. as per companies act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
