In single entry system of accounting ___________

_____________ Assets = Total current assets - (Stock + Prepaid expenses)

Which of the following operation is correct?

_____ assets means current assets less stock and prepaid expenses.

_____ indicates the number of times inventory is turned over to make revenue from operations during a particular accounting period.

If both items in a ratio are from balance sheet, it is classified as___________

__________ is used by various types of trade and industries.

All transactions related to payments either in cash or through bank are recorded using __________

Incomplete records are those records which are not kept under ____ system

The capital of a business is ascertained by preparing _________

In non - profit organization, the sale of old newspapers is generally considered as an __________

‘ A’ was a partner in a partnership firm. He died on 31^st March 2019. The final amount due to him is Rs. 25,000 which is not paid immediately. It will be transferred to

Which of the following tools of financial statement analysis is suitable when data relating to several years are to be analysed?

When shares are issued for purchase of assets, the amount should be credited to

Debt equity ratio is a measure of

Which submenu displays groups, ledgers and voucher types in Tally?

When the average profit is Rs. 25,000 and the normal profit is Rs. 15,000, super profit is __________

When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?

Income and Expenditure Account is prepared to find out

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