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A Personal account is a General ledger account connected to all persons like individuals, firms and associations. Since drawing made by the owner relates to an individual it falls under the personal account category. Drawing Account is a contra owner's equity account used to record the withdrawals of cash or other assets made by an owner from the company for its personal use during a financial year. It is temporary in nature and it is closed by transferring the balance to an owner's equity account at the end of the financial year resulting in a reduction in the capital of the owner at the end of the year.
A man can complete a work in 12 days. He worked for 5 days and then left. If the remaining work is completed by another man who can complete it in 18 da...
If the mean of four observations is 20 and when a constant C is added to each observation the mean becomes 22 the value of C is –
A number is increased by 20% and then decreased by 20%. What is the net effect on the number?
A person spends 40% of his income on rent, 30% on food, and 20% on education. If he saves ₹2000, what is his total income?
Aman bought 21 notebooks for Rs.1250 from shop A and 12 notebooks for Rs.895 from shop B. What is the average price he paid per book?
A man spends 35% of his income on food, 25% on rent, and the remaining amount on other expenses. If he saves ₹9,000, which is 20% of his income, find ...
In an exam Dinesh scored 362 marks and Shivam got 68 % marks in the same exam which is 12 marks more than Dinesh. If the minimum passing marks in the ex...
A man invested ₹12,000 in a business, and his partner invested ₹15,000. After 8 months, the first partner withdrew half of his investment. If the t...
Find the simplified value of the expression:
32 + 12 x 108 ÷ 12 + 4 + 32 ÷ 16 x 3
P and Q together can complete a certain task in 45 days. P can finish the task alone in 75 days. How many days will it take for Q...
