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Question 1
Direction: Kindly answer the following questions using the below table.
Value of Gross Profit :
Question 2
Direction: Kindly answer the following questions using the below table.
Value of Net Profit :
Question 3
Direction: Kindly answer the following questions using the below table.
Value of Cost of Goods Sold :
Question 4
Direction: Kindly answer the following questions using the below table.
Value of Gross Profit Margin :
Question 5
Total of sales book was understated by Rs. 200. Rectification entry will be:
Question 6
What is the objective behind selling goods on approval basis?
Question 7
Postage stamps purchased for Rs.30 by business. This transaction will be recorded in
Question 8
In which of the following cases, according estimates are needed?
Question 9
If closing stock appears in trial balance then it appears in
Question 10
‘Workmen Compensation under dispute’ is an example of
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Dec 20SSC & Railway
