Net Working Capital = Current Assets Minus -
(A) Current Liabilities
(B) Net Liabilities
(C) Current Assets
(D) Assets
1 Answers
i. ________ is excess of assets over liabilities. (a) Goodwill (b) Capital (c) Investments (d) Drawings
i. (b) Capital ii. (b) Profit and Loss iii. (d) Balance Sheet iv. (b) Liability v. (b) Profit and Loss
2 Answers 2 views
Capital A/c……………..Dr. To Profit and Loss Account (Being Net Profit transferred to Capital A/c)
Profit and Loss Account…………….Dr. To Capital A/c (Being Net Profit transferred to Capital A/c)
2 Answers 1 views
i. The difference between assets and liabilities is called ________ (a) Capital (b) Drawings (c) Income (d) Expenses
i. (a) Capital ii. (a) Profit iii. (c) ₹ 32,000
2 Answers 1 views
If alpha + beta is equal to minus 3 and alpha beta is equal to minus 5 by 2 then find the cube roots are alpha and beta
α + β = - 3 .......(1) and αβ = \(\frac{-5}{2}\) .........(2) (α - β)2 = (α + β)2 - 4αβ = (-3)2 - 4 x \(\frac{-5}{2}\) = 9 + 10 = 19 α - β = ±√19 ........(3) By adding equations (1) and...
2 Answers 1 views
Capital fund is calculated as - (A) Income - Expenditure (B) Assets - Liabilities (C) Capital + Liabilities (D) None of these
Correct option is: (B) Assets - Liabilities
2 Answers 1 views
For the firm, interest on capital is - (A) Capital Receipt (B) Capital payment (C) Income (D) Loss
Correct option is: (B) Capital payment
2 Answers 1 views
Bright Ltd. Took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of star Ltd. For an agreed purchase consideration of ₹ 6,00,000 payab
Correct Answer - Entry in all Cases: Dr Sundry Assets A/c- ₹ 6,60,000 and Goodwill A/c - ₹ 20,000; Cr . Sundry Liabilities A/c - ₹ 80,000 and star Ltd....
2 Answers 1 views
Star Ltd. Took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. For ₹ 6,00,000 . Give necessary Journal entries in the boo
Correct Answer - Entry in both Cases: De. Sundry Assets A/c - ₹ 6,60,000 and Goodwill A/c - ₹ 20,000; Cr. Sundry Liabilities A/c ₹ 80,000 and Moon Ltd. -...
2 Answers 1 views
State whether the following statement are true or false with reason : Capital = Liabilities – Assets.
This statement is False. Excess of business assets over business liabilities is called capital. Capital = Assets – liabilities.
2 Answers 1 views
Contingent liabilities can also be called doubtful liabilities.
This statement is True. The contingent liabilities are the liabilities whose occurrence depends upon the happening of a certain event that may or may not take place. So a contingent liabilities...
2 Answers 1 views