Which of the following functions is not a part of Book Keeping?

Identify the correct sequence

A firm has assets of Rs. 1,00,000 and the external liabilities of Rs. 60,000. It’s capital would be?

Cash paid to Creditors causes

Main objective of preparing ledger account is to

Which of the following transactions results in the bank statement balance being higher than the bank column balance in the cash book

Why depreciation is calculated?

Which of the following statements are true?

i. Income statement presents a company’s financial position

ii. Cash Flow Statement tracks the cash inflow and cash outflow

iii. Balance sheet provides insights into the liquidity, solvency and capital structure

iv. Every nominal account balances from the ledger are transferred to the Balance sheet

Accounting entry for salaries payment is

After the following transactions, what will be the bank balance carried forward to the balance sheet?
Transactions:

• Purchase of Rs. 20,000 by cheque
• Payment to creditors of Rs. 40,000
• Cheques received for sales of Rs. 1,00,000

Balance of bank account to be taken to the Balance Sheet will be