Question Text
Question 1 :
Bond call provision that is not practiced even after several years of issuance is classified as ______________.<span><br/></span>
Question 4 :
Carriage outwards appears in ______, whereas carriage inwards appears in ________.
Question 6 :
A Trial Balance contains the following information:<br>I. 15% Bank Loan Rs. 40,000<br>II. Interest Paid Rs. 4,500<br>Interest debited to P & L A/c will be:
Question 7 :
Read the following which is taken from an income statement.<table class="wysiwyg-table"><tbody><tr><td></td><td>Rs.</td></tr><tr><td>Opening stock</td><td>$50,000$</td></tr><tr><td>Sales</td><td>$1,60,000$</td></tr><tr><td>Freight incurred</td><td>$10,000$</td></tr><tr><td>Sales retunrs</td><td>$10,000$</td></tr><tr><td>Gross profit on sales</td><td>$60,000$</td></tr><tr><td>Net loss for the year</td><td>$10,000$</td></tr><tr><td>Purchases</td><td>$1,00,000$</td></tr><tr><td>Purchases returns</td><td>$9,000$</td></tr></tbody></table>The amount of operating expenses will be ___________________.