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Home /Doubts and Solutions/CBSE/Class 11 Commerce/Accountancy Part Ii/Financial Statements Ii/Preparation Of Financial Statements With Adjustments

Preparation Of Financial Statements With Adjustments Free Doubts and Solutions

CBSE - XI Commerce - Accountancy Part II - Financial Statements II

Where will you record a specific donation received, while preparing accounts for Non- profit organisation.

Asked by Topperlearning User 4th July 2016, 8:16 AM
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CBSE - XI Commerce - Accountancy Part II - Financial Statements II

i. From the following calculate operating profit :    Rs. Net profit 2,00,000 Rent received 20,000 Gain on sale of machine 30,000 Interest on loans 40,000 Donation 4,000   ii. State whether the cost of obtaining license to carry out business is a capital or revenue expenditure.

Asked by Topperlearning User 1st July 2016, 4:01 PM
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