Ram of Mumbai sends out certain goods at cost plus 25%. Invoice value of goods sends out Rs.20,000. 4/5th of the goods were sold by consignee at Rs. 17,600. Commission 2% upto invoice value and 10% on any Surplus above invoice value commission amount will be

Ans: Rs.480

Please tell how to Calculate?

Dear Sir/Madam

The following error do not affect the trial balance

(a) Error of partial omission
(b) Error of Principal
(c) Error of complete omission
(d) All of the above

Please tell what is the answer and please explain?

Dear Sir/Madam

Opening debtors- Rs.50,000
Total Sales- Rs. 50,000
Cash received from debtors- Rs.30,000
Cash Sales- Rs.15,000
Sales Return- Rs.3,000
Bad Debts- Rs.7,000
Bills received from customers- Rs.15,000
Debtors at the end will be

(a) Rs.1,40,000 (b) Rs.1,30,000
(c) Rs.1,20,000 (d) Rs.1,50,000

What is the answer and how to calculate?

Dear Sir/Madam

R%ajesh of Ramnagar sends out goods costing Rs.2,00,000 to Gopal of Gujarat 3/5th of the goods were sold by consignee for Rs. 1,50,000. Commission 2% on sales plus 10% of gross sales less all commission exceeds cost price. The amount of commission will be

Ans: Rs.5,454.54

Please tell how to calculate?

Dear Sir/Madam

Debit balance as per cash book of Shyam enterprise as on 31.3.2006 is Rs.1,500. Cheques deposited but not cleared amount Rs.100 and Cheque issued but not presented of Rs.150. The bank allowed interest amounting Rs.50 and collected dividend Rs.50 on behalf of ABC enterprises. Balance as per pass book should be

Ans: Rs.1,650

Please tell how to calculate?

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1.opening balace of bat and balls is Rs. 1500
2.purchase during the year of bat & balls is Rs. 710
3.depreciation on bat & balls is 50%
4. sale of old bat & balls is Rs. 50
QUERY is that sale of old bat & ball should be treated as income and credited to income and expenditure account or treated as capital receipt, if yes/no than WHY?
if it is a capital receipt than whr we have to post it in the books of accounts of NPO.