The following figures related to the rent and rates payable expense for a business in 2020-2021. Which is the correct figure for rent and rate expense in the profit and loss account for the year ended 31 March 2021?
Rent paid in advance at 1 April 2020 Rs.5000 |
Rates in arreas at 1 April 2020 Rs.2000 |
Payments in 2020-21 Rs.35000 |
Prepaid rent at 31 March 2021 Rs.4000 |
Rent in arrears at 31 March 2021 Rs.6000 |
Rent and rate expense in the profit and loss account = Payments + Rent paid in advance on 1 April 2020 – Rent prepaid on 31 March 2021 – Arrears on 1 April 2020 + Arrears on 31 March 2021 = 35000 +5000 -4000 -2000 +6000 = Rs.40000
After dissolution of firm it’s goodwill can be:
How often is the Board required to meet according to the Micro, Small and Medium Enterprises Development Act?
Who prepares a panel of names of persons fit to be appointed as Public Prosecutors or Additional Public Prosecutors?
If offence is punishable with fine only, the period of limitation for taking cognizance of it shall be
Which of the following is not a mode of execution as provided under s.51 of CPC?
According to section 105 of the Bharatiya Nagarik Suraksha Sanhita, 2023, what is the prescribed method for recording the process of conducting a search...
A declaration made under Chapter 6 of Specific Relief Act 1963, is binding on:
Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instit...
Which one of the following is not an ingredient of theft?
According to Section 36(2) of the Code on Wages, 2019, what is the limit for carrying forward the excess allocable surplus to the succeeding accounting...