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Rs To balance 1st Jan. Candidates will develop the confidence to appear for the actual exam.

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They will get used to the overall nature of the exam, the type of questions asked in the exam, the difficulty level, chapters, and concepts that are asked more frequently, etc.

Depreciate due Rs.

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Attempting a paper in this manner will ensure you answer only those questions which you know for sure will fetch you positive marks.

Discuses briefly the merits and demerits of each method Question No. On July 1,Al-Hadi exchanged its old truck with new one.

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Abdullah discounted the bill at his bank at 8 percent per annum and remitted half the proceeds to Hassan. Required: You are asked to record the above transaction in the books of the firm and give the resultant Balance sheet of the new firm. Opening balance 8, Salaries 3, Subcription Stationery 2,00 Telephone charges 18, Insurance 1, 1, Miscellaneous expenditure Entrance fees 1, Subscription to newspapers Sales of old 50 Purchase of sports 6, magazine material Interest on Closing Balance 19, investments Other receipts 32, 32, Website: www. On 4th January, Required: Prepare income and expenditure account and balance sheet. Required: Pass the rectifying journal entries and close the suspense account. Required: Pass the entries in the books of both parties Website: www. Website: www. During the slot allocated for a subject, first, go through the question paper thoroughly. They will get used to the overall nature of the exam, the type of questions asked in the exam, the difficulty level, chapters, and concepts that are asked more frequently, etc. This, in turns, means higher accuracy and lower negative marking. Rs To balance 1st Jan. It will help you improve your time management, the ability to choose the right questions to answer, and overall test-taking strategy.

Abdullah and Hassan agreed to share the discount equally. The bill is discounte4 by Amar for Rs.

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