Answer Posted / lipsa pati
The total amount of business done by any business
concern.For a manufacturing firm it is the total units of
product sold, for a construction firm it is the total paid
up works,for service industry the revenue collected by
rendering services.
| Is This Answer Correct ? | 4 Yes | 6 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690