Introduction To Accounting CBSE Questions & Answers

Ram started a business for buying and selling of stationery with Rs. 5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item What are the fixed assets he bought?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item What is the value of the goods purchased?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. He bought stationery items of Rs.1,50,000 from Mr. Vishal (a creditor of the business) state the amount payable to him?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment He employed a sales person and clerk. At the end of the month he paid Rs.5, 000 as their salaries, what are the expenses?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item A part of the machinery, which cost Rs.40,000, was sold for Rs.45,000.What is the gain he earned?

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs. 1, 00,000 for furniture and Rs.200,000 for buying stationery item. In the first week of next month there was a fire accident and he lost Rs.30,000 worth of stationery. What is the loss he incurred

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item. He withdrew Rs.2000 for his personal use. What is the amount of drawings

Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2,00,000 for buying stationery item Out of the stationery bought he sold some stationery for Rs.1,50,000 for cash and some other stationery for Rs.1,00,000 on credit basis to Mr. Ravi. Who is the debtor? What is the amount receivable from him?

84. Ram started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture, Rs.2, 00,000 for buying stationery item He employed a sales person and clerk. At the end of the month he paid Rs.5,000 as their salaries. Out of the stationery bought he sold some stationery for Rs.1, 50,000 for cash and some other stationery for Rs.1, 00,000 on credit basis to Mr. Ravi. Subsequently, he bought stationery items of Rs.1, 50,000 from Mr. Peace. In the first week of next month there was a fire accident and he lost Rs.30,000 worth of stationery. What is the total amount of expenses and losses incurred?

Neeraj sold goods costing Rs.500000 for Rs.700000 in cash and goods costing Rs.250000 for Rs.310000 on credit. Goods sold on credit for Rs.31,000 were received back being defective .What is the amount of sales return

Neeraj sold goods costing Rs.500000 for Rs.700000 in cash and goods costing Rs.250000 for Rs.310000 on credit. What is the amount due from debtors

A firm earns revenue of Rs.20000 and the expenses to earn this revenue are Rs. 25000. Calculate its Profit/Loss

Abhishek started a business for buying and selling of stationery with Rs.5, 00,000 as an initial investment. Of which he paid Rs.1, 00,000 for furniture and Rs.200000 for building, Rs.2,00,000 for buying stationery item What are the fixed assets he bought?

Ashish purchased goods costing Rs.500000 in cash and goods costing Rs.250000 on credit. What is the amount due from creditors

Ram started a business and purchased a machinery for Rs.2,00,000 and Stock for Rs.50,000; after this his cash balance is Rs.4,50,000. What was the total capital invested by him in the beginning?