Aspirants please solve further..
Accounting aspirants please solve other questions as well from2016 paper..
Please reconcile these also...
Q2..Net Income Rs.2410
Balance sheet Re.18610
Retained Earning 1910
Q3b..Adjusting entries total 7 if im not wrong??
Share entry for salaries and rent revenue...
Q4b..ratios in order
2.26
1.01
56days
4.02
1.06
44.37%
7.92%
19.47%
Q5a..net income. .Rs.755,500.
Units manufactd 14300
Unit cost of calculators manufacture 340
Gp/unit..122
Inc/unit...53.20
Ratio of gp to sales..0.26:1
Income to sales %...11.38%
Please correct me where I'm wrong n share your ans to all other questions as well as it wd b v helpful for all of us...
I want to chk mine
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