From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission
(A) 6441
(B) 5431
(C) 7150
(D) 5876
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.
(A) 6441
(B) 5431
(C) 7654
(D) 9876
Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.
(A) 2,40,000
(B) 2,10,000
(C) 2,00,000
(D) 1,80,000
Which of these is not an operating income?
(A) Income from sale of trading goods
(B) Bad debts recovered
(C) Interest on FDs
(D) None
Carriage on goods purchased is shown in:___________?
(A) Profit and Loss A/c
(B) Capitalized with work in progress
(C) Trading A/c
(D) Shown in Balance Sheet
X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
(A) 4-4-2013
(B) 3-4-2013
(C) 1-4-2013
(D) 31-3-2013
Which of these are not required in a promissory note?
(A) Acceptance
(B) Unconditional promise to pay
(C) Properly stamped
(D) Payment to be made legal currency
A foreign bill of exchange is generally drawn up in___________?
(A) Triplicate
(B) Duplicate
(C) Single
(D) Quadruplicate
Which of these is not an essential feature of a bill of exchange?
(A) Unconditional
(B) Certainty of amount
(C) In writing
(D) Amount to be paid in foreign currency