This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 1 year, 10 months ago.

  • Author
    Posts
  • #618158 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    Mohan purchased goods for Rs. 15,00,000 and sold 4/5th of the goods amounting Rs. 18,00,000 and paid expenses amounting Rs. 2,70,000 during the year 2005. He paid Rs. 5000 for an electricity bill of December 2004 and advance salaries amounting Rs. 15,000 paid for the month of January in year 2006. He counted net profit as Rs. 3,50,000. The profit calculated by him is correct according to which of the following concepts?

    Options :-

    1. Entity
    2. Periodicity
    3. Matching
    4. Conservatism
    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • IIT-JEE, NEET, CAT
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: Mohan purchased goods for Rs. 15,00,000 and sold 4/5th of the goods amounting Rs. 18,00,000 and paid….
Your information:




GET UPTO 50%    OFF!
Verify Yourself




Log in with your credentials

or    

Forgot your details?

Create Account