Question

35. Book keeping is simple recording and __
36. Stock should be valued at____ or__ whichever is less.
38. A business house presenting annual financial statement on double account system, records its transaction in books on___entry system.
39. Under the double account system the balance sheet is divided into ___Section. The first section is called statement of receipts and expenditures on capital account.?

question (.1).. Mr. Raja took a mine on lease. Minimum rent is Rs. 40,000 p.a. If any year royalty is Rs. 50,000 and short working recouped is Rs. 6,000, then amount paid to landlord will be?

1.Minimum rent is calculated on the basis of:?

1.A value of balance sheet is prepared by:?

40. Rent and rate is allocated to the different

departments on the basis of………………

41. Under branch account method item related to

debtors are written in…………...

42. The expenses of branch will on the…………... side

on the branch a\c in head office.

43.Interest is to be calculated on the…………….

remaining unpaid.

44. The loss on goods repossessed is……………. to

hire purchase a\c

45.The vendor credits…………... at the time of hire

sales transaction.

46. Depreciation is calculated on the………… of fixed

asset.

47. Interest payable by a purchaser under I.P.S. is

transferred to…………. a\c.

48. Royalty is calculated either on the basis

of……………. or…………….

49.Royalty a\c is a……………………a\c.​

Answer 1

Explanation:

35) art

36) cost price or net realizable value

38) double

43) amount

46) written down value

Answer 2

Answer:

35) art

36) cost price or net realizable value

38) double

43) amount

46) written down valu

Explanation:

I hope that answers is Right