Rent accrued as at the end of the last year was Rs 8,000. Having agreed to pay rent at Rs 4,000 per month, the business was able to pay during the year only Rs 44,000. What is the position at the current year-end?

22' Janith PLC hired a building on 1/1/2017 and paid Rs. 120,000 as the annual rent for the year ending31/12/2017 on that date. The rent paid on 01/01/2018 for the year ending 31/12/2018 is Rs. 180,000. Theaccounting year is ended on 31/3. The rent should be recorded in the income statement for the yearending 31/3/2018 and the rent paid in advance as at that date is,Rent in the income statement (Rs.) Pre-paid rent1' 120,000 135,0002' 120,000 180,0003' 135,000 45,0004' 135,000 135,0005 165,000 45,000 (…..)23' Following information relevant for Imalka's business.As at 31/3/2018 (Rs.) As at 1/4/2017 (Rs.)Debtors 80,000 50,000Stock 50,000 30,000Cash received by the debtors during the period Rs. 320000 and gross profit ratio is 20% on sales.The value of the purchases should be taken to income statement is,1. Rs. 250,000 2. Rs. 260,000 3. Rs. 271,0004. Rs. 300,000 5. Rs. 310,000 (…..)24' Following information provided relevant for Panduka's business for the year ending 31/3/2018Rs.Sales 500,000Purchases 380,000Return outward 10,000Stock as at 1.4.2017 60,000Stock as at 31.3.2018 70,000A stock worth of Rs. 20,000 totally damaged due to a fire. Gross profit for the year ending 31.3.2018 is,1. Rs. 100,000 2. Rs. 120,000 3. Rs. 140,0004. Rs. 150,000 5. Rs. 160,000 (…..)25' Employers and employees contribution for EPF are 15% and 10% respectively. The contribution for ETFis 3% . The balance of the salary expense account for the year ending 31/3/2018 is Rs. 720,000 and thepaid salary after deducting the contribution for EPF by the employee has been debited to salary expenseaccount and credited to cash control A/C. EPF and ETF are calculated on gross salary. The total expenserelevant for employees for the year ending 31/3/2018.1. Rs. 720,000 2. Rs. 800,000 3. Rs. 920,0004. Rs. 944,000 5. Rs. 964,000 (…..) Use following information to answer Q. No. 26 and 27(1) Salaries Rs.- Payable as at 31/3/2017 4000- Payable as at 31/3/2018 24000- paid in the year ending 31.3.2018 44,000(2) Rent incomeReceived a rent income on 1/10/17 of Rs. 90000 for 9 month ending 30.06.2018626' Salary expense and rent income should be recorded in the income statement for the year ending31/3/2018Salary (Rs.) Rent income (Rs)1' 24,000 30,0002' 28,000 30,0003' 44,000 60,0004' 64,000 60,0005 64,000 90,000 (…..)27' The total liability should be recognized in the statement of financial position as at 31.03.2018 for salary1. Rs. 24,000 2. Rs. 30,000 3. Rs. 54,0004. Rs. 60,000 5. Rs. 64,000 (…..)28' Following information is provide about rates and taxRs.Accrued rates and tax as at 1.4.2017 65,000payments within the period- Rates 150,000- Tax 80,000Payable tax as at 31.3.2018 20,000Pre-paid rates as at 31.3.2018 10,000The tax and rates expense should be recorded in the income statement is,1. Rs. 175,000 2. Rs. 230,000 3. Rs. 185,0004. Rs. 155,000 5. Rs. 240,000 (…..)29' Select the answer having only the current assets1. Good will, stock, trade receivables, pre - payments2. Trade receivables, pre- payments, stock, cash3. Trade receivables, stock, patent, cash4. Investments, Good will, stock, cash5. Copyright, Trade receivables, cash, prepayment (…..)30' Information of a business registered for VAT is given for you (for the year ending 31/3/18)(Rs. 000)Sales (including VAT) 920Purchases (Including VAT) 460cost of the stock as at 1.4.2017 120cost of the stock as at 31.3.2018 80VAT percentage is 15%The gross profit for the year ending 31.3.2018 is ,1. Rs. 360,000 2. Rs. 380,000 3. Rs. 400,0004. Rs. 420,000 5. Rs. 440,000 (…..)

Rent paid on 1st October, 2018 for one year upto 30th September, 2019 was Rs.2,400. Rent paid on 1st October for the year upto 30th September, 2020 was Rs.3,200. Rent shown in the P&L A/c for the year ended on 31st December, 2019 would be: a Rs.6,000 b Rs.3,200 c Rs.3,000 d Rs.2,600

Sanjay borrowed Rs.900 at 4% per annum and Rs.1100 at 5% per annum for the same duration. He to pay Rs.364 in all as interest. What is the time period in years?Options5 years2 years4 years3 years

Ravi lent out Rs.9600 at 8.5% per annum for a year 2 years 6 months.At the end of the duration,what amount he earned ?

The salary of a man is increased by 20% at the end of the first year of his service and by 15% at the end of the second year of his service. If his initial salary was Rs. 10000, then what will be his salary at the end of the second year?Choices:- 12800 14000 13800 13000