SSC CGL Tier-2 14th September 2018 AAO

What will be the amount of credit purchases, if the opening balance of creditors is Rs.7,600; cash paid to creditors Rs.20,000; discount allowed by them Rs.500; Returns Outward are Rs.2,400; Bills payable accepted Rs.4,600 and the closing balance of creditors is Rs.9,500?

_____ is / are charged to the Profit & Loss Account.

A club received Rs. 40,000 as subscriptions during the year 2018-19 of which Rs.6,000 relate to year 2017-18 and Rs.4,000 to 2019-20, and at the end of the year 2018-19 Rs.12,000 are still receivable. What will be the income from subscriptions for the year 2018-19?

When a number of transactions on the same date or relating to one particular account/nature are recorded by means of a single journal entry, such an entry is called as ____.

If the account of Mr.Jay was debited by Rs.495 instead of being credited by Rs.459, the rectification will be done by_____.

The technique of finding out the net balance of a ledger account, after considering the totals of both debit and credit sides, is known as _____.

_______is historical in nature and reflects the past position of business organization.

Which one of the following is a limitation of Financial Accounting?

In case of a Partnership Firm, a _____ is prepared to show the distribution of profits among different partners.

The funds raised by Non-Profit Organisations are credited to capital fund or ______.