Commerce: Accounts MCQs

36. Question

If a bill is drawn on 29 June for 3 months it will mature on




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37. Question

If a bill is honoured and presented for payment by a third party the drawer will debit




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38. Question

Suresh consigned 2000 pieces of goods to his agent costing rupees 30 each and invoice price of 20% over cost price.4/5th of the goods were sold by agent at a profit margin of 25% on his cost. Sale value of goods will be




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39. Question

Which of the following statement is true




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40. Question

Goodwill of a firm of A and B is valued at rupees 30000. It is appearing in the book at rupees 12000. C is admitted for 1/4th share. The amount of goodwill, which he is supposed to bring will be




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