Question
Give one difference between a Computer and a Calculator.
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Answer
A Computer contains much more than a Calculator. A Calculator can work only with numbers whereas a Computer can work with both numbers and words. Another difference is that a Calculator is not capable of storing the data, whereas a Computer can store large volume of data in its memory and reproduce any part of it, as and when needed.
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Similar questions
Calculate the amount of bills receivable during the year.
| ₹ | |
| Opening balance of bills receivable. | 75,000 |
| Bill dishonoured. | 25,000 |
| Bills collected (honoured) | 1,30,000 |
| Bills receivable endorsed to creditors. | 15,000 |
| Closing balance of bills receivable. | 65,000 |
Total of the purchase invoices recorded in the Purchases Book is posted to debit side of the Purchases Account in the Ledger and credited to the accounts of suppliers. Do you agree? Give reasons.
Ajay started business with capital of ₹ $5,00,000$ on $1^{\text {St }}$ April, 2022. He introduced additional capital of ₹ $3,00,000$ on $1^{\text {st }}$ October, 2022. He charged interest on capital @ $10 \%$ p.a. Calculate the amount of interest on capital and show it in the final accounts.
→Calculate Stock in the beginning:
→| ₹ | |
| Sales | 80,000 |
| Purchases | 60,000 |
| Stock at the end | 8,000 |
| Loss on Cost | $\frac{1}{6}$ |
Define a Promissory Note.
Who are the parties to a Promissory Note?
Calculate the amount of bills receivable dishonoured from the following information.
| ₹ | |
| Opening balance of bills receivable. | 1,20,000 |
| Bills collected (honoured). | 1,85,000 |
| Bills receivable endorsed. | 22,800 |
| Closing balance of bills receivable. | 50,700 |
| Bills receivable received. | 1,50,000 |
Calculate the value of Closing Stock from the following particulars:
Ascertain the value of closing stock from the following:
|
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₹
|
|
Opening Stock
|
1,20,000
|
|
Purchases during the year
|
9,30,000
|
|
Sales during the year
|
15,60,000
|
|
Rate of Gross Profit
|
40% on Sales
|
What does the Balance of Suspense Account indicate? How is the balance of Suspense Account treated?