Question
What is Software?
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Answer
Software: It is a general term for the various kind of programs used to operate computer and related devices. Software is a set of instructions on the basis of which a computer operates. Unlike computer hardware, computer software cannot be seen or touched. The hypothetical or imaginary part of the computer which is used with hardware to perform computer applications is known as Software.
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On 1st April, 2017, Shiv had a Provision for Doubtful Debts of ₹ 650. On 31st March, 2018, total debtors amounted to ₹ 18,400 out of which ₹ 400 were bad and had to be written off. It was decided to maintain a Provision for Doubtful Debts at 5% of the debtors.
On 31st March, 2019, debtors were ₹ 10,320 out of which ₹ 320 had to be written off as bad debts. Provision for Doubtful Debts is to be maintained at 5% of the Debtors.
Show the Bad Debts Account and Provision for Doubtful Debts Account for the years ended on 31st March, 2018 and 2019.
On 31st March, 2019, debtors were ₹ 10,320 out of which ₹ 320 had to be written off as bad debts. Provision for Doubtful Debts is to be maintained at 5% of the Debtors.
Show the Bad Debts Account and Provision for Doubtful Debts Account for the years ended on 31st March, 2018 and 2019.
What is a Bank Reconciliation Statement? Explain the purpose of preparing such a statement.
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| ₹ | ₹ | ||
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Ravi's Trial Balance as on 31st March, 2019 has the following information:
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What is the amount of outstanding interest to be provided?
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List the following assets in order of liquidity:
Sundry Debtors, Stock, Land and Building, Plant and Machinery, Furniture, Investments, Cash in Hand and Cash at Bank.
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