Question
Explain any five techniques used in sales promotion.

Answer

self

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"Insurance is a method of spreading risks." In the light of this statement, explain how does insurance help in minimising business risks.
"Warehousing is essential in modern business." Discuss.
Explain any two social security measures adopted in India.
State the limitations of budget?
Give any five points of difference between stakeholders and customers of a company.
(a) Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. In this context answer the following:
(i) Name any two Acts pertaining to Mr. Khanna's retirement.
(ii) Discuss the reasons why these two Acts need to be effected in organisations.
(b) Explain two essential features of social security.
The following is the trial balance of Mr. A. Chatterjee for the year ended 31st December, 2022. Compile the final accounts for him, after incorporating the adjustments and thereafter supply him with the required information, listed by him.
Debit (₹)Credit (₹)
Opening Stock5,000
Capital30,000
Drawings2,000
Loan from Mr. Patel8,000
Purchases and Sales13,00050,000
Rejections Returned2,000500
Wages5,000
Salaries8,000
Carriage Outward2,000
Rent and Rates3,000
Telephone and Trunk Calls800
Petty Expenses400
Plant and Machinery35,000
Office Fixtures and Equipment10,000
Cash in Hand2,000
Bank Overdraft1,000
Customers and Suppliers8,0006,700
96,20096,200
Closing stock value is ₹15,000.
From the following Trial Balance of Mr. Bhatia as on 31.3.2023, prepare final accounts for him:
Debit (₹)Credit (₹)
Duty, Clearing and Freight10,000
Stock (1/4/2022)30,000
Goodwill30,000
Salary, Bonus and Travel Allowance25,000
Leasehold Premises90,000
Purchases and Sales2,40,0003,80,000
Debtors and Creditors20,00015,000
Capital and Drawings20,0001,60,000
General Expenses16,000
Factory Equipment and Tools18,000
Bank5,000
Interest-free Loan from Mr. P.H. Planner for four years80,000
Wages and Bonus35,000
Cash and Petty Cash17,000
Plant and Machinery50,000
Bill Payable and Receivable12,0008,000
Professional Charges18,000
Returns7,0004,000
Insurance and Office Expenses14,000
6,52,0006,52,000

Closing Stock is ₹45,000.
The following trial balance was extracted from the books of A. Harding, as on 31st March, 2023:
Debit (₹)Credit (₹)
Capital20,100
Drawings1,500
Cash in Hand and at Bank1,400
Petty Cash100
Cash Purchases and Sales10,00020,000
Credit Purchases and Sales12,00025,000
Returns2,0001,000
Discount400
Carriage Inwards500
Salaries6,000
Sundry and Petty Expenses1,200
Opening Stock5,000
Bad Debts600
Rent1,500
Machinery36,000
Furniture5,000
Debtors and Creditors5,00010,000
Stationary2,500
Commission200
Bank Loan14,400
90,70090,700
Prepare the complete set of final accounts for Mr. A. Harding, after incorporating the following adjustment:
(i) Closing stock is ₹26,000.
From the following Trial Balance of Rinky, prepare a Trading Account and a Profit & Loss Account for the year ended 31.12.2022 and a Balance Sheet on that date.
TRIAL BALANCE
Dr.(₹)Cr.(₹)
BuildingCapital Account25,000
Depreciation on aboveProvision for Depreciation on Machinery on (1/1/2018)800
MachineryCreditors12,000
FurnitureBank Loan6,000
DrawingsSales53,000
DebtorsOutstanding Carriage Inward200
Cash
Opening Stock
Purchase
Wages
Carriage Inwards
Salary
Prepaid Salary
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Insurance
Packing Materials
97,00097,000

Closing Stock ₹15,000.