If creditors balance eas Rs. 1,000 at 1^st Jan. 2017, ending balance of creditors was Rs. 2,000 on 31^st Dec. 2017 and a payment of Rs.500 was made to creditors, which of the following is the amount of purchase made during the year 2017?

Identify the correct formula used to ascertain the closing capital

Statement of financial position from incomplete accounting record is commonly known as ___________

True financial position cannot be ascertained as _____ is not prepared due to the absence of nominal and real accounts.

Single entry system keeps one cash book which mixes up business as well as ____ transactions.

Statement of affairs method is also called as _____ method.

A firm has assets worth Rs. 47,500 and liabilities Rs. 17,700. Then its capital is _____________

A firms total sales is Rs. 80,000 and its credit sales is Rs. 60,000 Then its cash sales is ____________

Debtors on 1.4.2018 was Rs. 1,00,000 and on 31.3.2019 was Rs. 80,000 cash received from debtors during the year is Rs. 1,60,000. Then the credit sales during the year is ___________

Credit sale is obtained from _________

A firm has assets worth Rs. 60,000 and capital Rs. 45,000.Then it's liabilities is _________

The different between the total of assets and total of liabilities is taken as __________

Opening balance of debtors: Rs. 30,000, cash received: Rs. 1,00,000, credit sales: Rs. 90,000; closing balance of debtors is

What is the amount of capital of the proprietor, if his assets are Rs. 85,000 and liabilities are Rs. 21,000?

Statement of affairs is a