Arrangement of Balance Sheet in a logical order is known as __________?

A. Dressing balance sheet
B. Marshalling balance sheet
C. Formatting balance sheet
D. Make up of balance sheet

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission

A. 6441
B. 5431
C. 7150
D. 5876

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.

A. 6441
B. 5431
C. 7654
D. 9876

Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.

A. 2,40,000
B. 2,10,000
C. 2,00,000
D. 1,80,000

Which of these is not an operating income?

A. Income from sale of trading goods
B. Bad debts recovered
C. Interest on fds
D. None

Carriage on goods purchased is shown in:___________?

A. Profit and loss a/c
B. Capitalized with work in progress
C. Trading a/c
D. Shown in balance sheet

Profit on sale of old plant is:___________?

A. In trading a/c
B. In profit and loss appropriation a/c
C. Profit and loss a/c
D. Being a non operating item ignored

Depreciation Account appearing in the Trial Balance is shown in:

A. Profit and loss a/c
B. Trading a/c
C. Deducted from the concerned assets a/c
D. Shown on the liability side

Closing stock appearing in the Trial Balance is shown in:

A. Trading a/c and balance sheet
B. Profit and loss a/c
C. Balance sheet only
D. Trading a/c only

Closing entries are generally passed:

A. At the time of opening new books of account
B. At the time of closing the accounts
C. During the course of accounting period any time
D. After certification of accounts