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What is meant by Final Account? Why is Balance Sheet included in final accounts?
  • Commerce
  • General
On the basis of above detail prepare an invoice in proper format
M/s Ashoka Agencies, Lucknow, sends the following goods to M/s Kanaujia Brothers, Kanpur:
I. 10 Boxes ‘Godrej Soap’ (Every box contains 120 pieces of soap) @ Rs. 70 per dozen.
II. 7 Boxes ‘Parachute Coconut Oil’ (Every box contains 252 bottles of 200 ml each) @ Rs 40 per dozen bottles
III. 32 Tin ‘Dalda’ vanaspati ghee (Every tin of 5 kg. @ Rs 35 per kg)
IV. 12 Boxes of ‘Lifebuoy’ Soap (Each box contains 10 dozen of soap). @ Rs 65 per dozen 7% Trade discount is available for customers
While sending goods
(a) Packing charges Rs 12 per box, Dalda ghee Rs 2 per tin.
(b) Cartage - Rs 80,
(c) Railway freight Rs 320 and
(d) Insurance expenses Rs 120.
  • Commerce
  • General
What do you understand by crossing of cheque? Write the types of it.
  • Commerce
  • General
State and explain the law of diminishing marginal utility.
  • Commerce
  • General
Explain the advantages and disadvantages of indigenous banker. What is its importance in our country?
  • Commerce
  • General
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