WebOpening capital is ascertained by preparing _________. A Total debtors account B Total capital account C Cash account D Opening statement of affairs Medium Solution Verified by Toppr Correct option is D) Statement of Affairs is Based under Accounting Equation " … WebOpening capital is ascertained by preparing: If opening capital is Rs.5,000; closing capital - Rs.7,000; drawings - Rs.1,000 and additional capital introduced during the year …
Accounts from Incomplete Records MCQ Class 11 Accountancy …
Webopening. ( openings plural ) 1 adj The opening event, item, day, or week in a series is the first one. ADJ n. They returned to take part in the season's opening game., ...the … WebOpening statement of affairs Hard Solution Verified by Toppr Correct option is A) Creditor's account is prepared to record the transaction of payment made to the supplier against the credit purchases and discount allowed by them. Credit purchases are recorded by debiting the purchases account and crediting the creditors account. by your side adoption
In single entry system , opening capital is ascertained by preparing ...
Web22 de dez. de 2024 · We prepare the Statement of Affairs at the beginning of the year to ascertain the opening capital and at the end of the year to ascertain the closing capital. However, the items of assets and liabilities are ascertained from vouchers, physical count and other relevant documents. Explanation: Hope it's helpful ☺♡ WebExplain how the following may be ascertained from incomplete recordsa Opening capital and closing capitalb Credit sales and credit purchasesc Payments to creditors and collection from debtorsd ... Credit sales can be ascertained by preparing the Total Debtors Account whereas total credit purchase can be ascertained thorugh Creditors Account ... Web7 de nov. de 2024 · Opening capital is ascertained by preparing: A. Total debtors account B. Total creditors account C. Cash account D. Opening statements of affairs. class-11; accounts-from-incomplete-records; Share It On by your side agency