Purchase book Cash book Journal proper Sales returns book Answer 3. Journal proper
In a building contract of Rs. 1,50,000, the certified work at the end of financial year is Rs. 1,00,000 and estimated profit is Rs. 12,000. What is the amount of profit to be credited to the Profit and Loss Account assuming cash received ratio to 75% ?
Rs. 5,333 Rs. 6,000 Rs. 10,000 Rs. 9,000 Answer 2. Rs. 6,000
Total of which transaction is posted in
Purchase Account?
Purchase of furniture Cash and credit purchase Purchase return Purchase of stationery Answer 2. Cash and credit purchase
Selling price per unit Rs. 9, variable cost per unit Rs. 6, fixed cost Rs. 54,000, sales Rs. 1,80,000; margin of safety in units will be :
2000 16000 17000 18000 Answer 1. 2000
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