golden rules of accounting?
how bank earn profit?
Answer Posted / muhammad amin ashraf
All the bank gives the loan to the customer and it's
turnover is fixed. When the customer did not pay his
instalment they charged interest. interest is their profit.
| Is This Answer Correct ? | 16 Yes | 28 No |
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
Name the Accounting Concepts
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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