Category: ASSOCIATE – IC26 LIFE INSURANCE FINANCE – 02

Que. 1 : Q1) What is Journal Entry 1.  a) ORIGINAL ENTRY   2.  b) DOUBLE ENTRY   3.  c) DUPLICATE ENTRY   4.  d) NONE Que. 2 : Q2) Receivables outstanding at the beginning of the year were Rs.10,000. During the year, the following transaction occurred: * Credit Sales Rs.7,00,000 * Cash Sales Rs.1,00,000 * Prompt payment discounts given Rs.3,000 * Payment Rs.6,00,000 Then, What is […]