If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
A) rs 1200
B) rs 800
C) rs 700
D) rs 500
Correct Answer:
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Q4: Under the stock and debtor system, Branch
Q5: Goods are sent to branch at cost
Q6: HO sends goods to branch at 20%
Q7: HO sends goods to branch at invoice
Q8: For finding the amount of sundry expenses
Q10: H.O. sent Rs 5000 as petty cash
Q11: Which of the following branches, taking into
Q12: Opening balance of debtors a/c is Rs
Q13: Goods in transit are shown in the
Q14: H.O. has sent goods on invoice price
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