Question Text
Question 1 :
Bond call provision that is not practiced even after several years of issuance is classified as ______________.<span><br/></span>
Question 2 :
After all closing entries have been posted, the balance of the P & L Account will be ________________.
Question 3 :
<span>If the sale is Rs. 5,000 and the rate of profit on cost of goods sold is 2596 then the cost of goods sold is</span>
Question 4 :
Find out the corrected net profit.<br>Profit before taking into account following adjustments was Rs. $7,00,000$<br>$1$. Rs. $1,00,000$ spent on purchase of motor car for business purpose, treated as expenses in profit & loss A/c<br>$2$. Rs. $15,000$ p.m. rent outstanding for the month of February and March not taken into account.<br>
Question 6 :
An adjusting entry to accrued wages earned but not yet paid is an example of _______________.
Question 7 :
Salary outstanding A/c Rs 5000 appears in the trial balance along with salary A/c of Rs 15000. How this will be accounted for in the books of accounts
Question 9 :
 The amount of prepaid expense is ________ from the total of the particular expense.
Question 11 :
From $2006-2009$ the cost of living index has gone from $110$ to $200$ and at the same time the minimum wages of unskilled workers has gone up from Rs. $3250$ to Rs. $5000$ pm. Find the loss or gain to the workers in real terms.