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Question 2 :
Steps of preparing Final Accounts is -<br>(a) Trading Account <br>(b) Profit and Loss Account<br>(c) Balance Sheet

Question 3 :
A prepayment of insurance premium will appear in the Balance Sheet and in the Insurance Account respectively as.

Question 5 :
Discuss the effect of the following transaction:<div>Ms. Pooja earns Rs. <u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u><u><i></i></u><i><u></u></i><u></u>2,000 per month. Her salary account is debited by Rs. 30,000 at the end of the year. </div>

Question 6 :
Value of asset is Rs. 45,000.<br/>Rate of depreciation is 12%.<br/>Depreciation will be charged as ______.

Question 7 :
Reserve for doubtful debts appearing in the trial balance should be _______________.<br/>