Trial
Balance of CraftWorks & Co
1. What is the Incremental profit for the month of May 2018
- 6,76,000/-
- 51,58,300/-
- 58,14,300/-
- 64,90,300/-
Incremental profit = Profit for the month of May – Profit for month of April
2. What is the additional Loan taken from Directors in the month of May?
- 2,30,000
- 4,50,000
- 6,80,000
- 2,20,000
Loan Taken = Closing Bal – Opening Balance 4,50,000 – 2,30,000 = 2,20,000
3. What is final Salary payable for Lakshmi as on 31st May 2018?
- 35,000/-
- 36,000/-
- 71,000/-
- None of the above
As on Balance sheet Date Amount of Salary Payable for Lakshmi is 36,000/- only
4. Assets worth of Rs. _______ purchased during May month
- 38,12,000/-
- 16,20,000/-
- 21,92,000/-
- 54,32,000/-
Assets Purchased = Closing Balance – Opening Balance of Tangible Assets.
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