Under a recurring deposit, a depositor is paid a lump sum payment after the period for which the deposit is made. This lump sum payment is called `"_______"` value.
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25) Following errors were detected from the books of accounts of Amar. Give journal entries to rectify them. 1) Rs 5000 paid for wages for erecting the plant were entered in the wages \( A / c \) 2) Paid Rs 2000 as salaries to Ramu but an amount was debited to his personal \( A / c \). 3) Rs 6000 received from a customer namely Dinesh is credited to Capital \( A / c \)
Journal Entries:- 1) Wages A/c Dr.5000 To Plant A/c 5000 2) Suspense A/c Dr.4000 ...
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Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the compan
Correct Answer - Balance Sheet Total-Rs. 4,92,000.
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A holds 100 shares of Rs. 10 each on which he has paid Rs. 1 per share on application . B holds 200 shares of Rs. 10 each on which he had paid Rs. 1 a
Correct Answer - Capital Reserve-Rs. 2,500.
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i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
i. Cash Credit ii. Fixed Deposit
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Distinguish between the following: Fixed Deposit Account and Recurring Deposit Account.
2 Answers
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The paid-up capital of a company is Rs.50,000. If the company has shares of face of Rs.25 in which Rs.20 is paid-up, then how many shares does it have
Correct Answer - Rs.62,500
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A company has 500 shares of face value Rs.50 in which Rs.30 is paid-up. The company collects Rs.12,000 as the second instalment. What is the paid-up v
Correct Answer - Rs.54
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In____________ account the depostior is poid a lum sum payment after the expiry of the fixed period during which the account holder deposits small amo
Correct Answer - recurring deposit
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Tilka opened a recurring deposit account with a bank and deposited Rs. 600 per month for one year. Find the interest that. Tilak will receive, if the
Correct Answer - Rs. 234
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Thsuhar opens a recurring deposit account with a bank and deposits Rs. 500 per month for `1(1)/(2)` years. If he receives Rs. 570 as interest, then fi
Correct Answer - `8%` per annum
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