make it easier for sellers to do business without paying wages for employees, rent for the shop's building and other expenses.

Neighbourhood shops

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Malls

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Weekly markets

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Shopping complexes

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Solution

The correct option is C Weekly markets
Weekly markets make it easier for sellers to do business without paying wages for employees, rent for the shop's building and other expenses.

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Similar questions

Rectify the following entries :

(i) Purchase of building was passed through purchase book amounting to Rs 80,000.

(ii) Wages paid for construction of building was debited to wages account with Rs 20,000.

(iii) Expenses of erecting of a shed amounting to Rs 3,000 were debited to trade expenses account.

(iv) Wages paid for extension of building was debited to wages

Q. From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.

Rectify the following errors:

(i) Repairs made on Building for Rs 1,00,000 were debited to Building a/c.
(ii) Rent paid Rs 12,000 to Landlord was debited to Landlord a/c.
(iii) Wages paid for installation of Machinery of Rs 7,000 was debited to Wages a/c.
(iv) Salary paid to Accountant (Mr. Ram) on Rs 15,000 was debited to Ram a/c.
(v) Rs 32,000 paid for purchase of Computer was charged to Office Expenses a/c.
(vi) Amount of Rs 7,500 withdrawn by proprietor for personal use was debited to Miscellaneous Expenses a/c.

Rectify the following entries :

(i) Purchase of building was passed through purchase book amounting to Rs 80,000.

(ii) Wages paid for construction of building was debited to wages account with Rs 20,000.

(iii) Expenses of erecting of a shed amounting to Rs 3,000 were debited to the expenses account.

(iv) Wages paid for extension of building was debited to wages account amounting to Rs 7,000.

(v) Repair to second hand car purchased was debited to repairs account with 18,000

(vi) Material purchased for construction of building was debited to purchase account amounting to Rs 28,000.

From the following information of Astha Ltd. for the year ended 31st March 2015, prepare Notes to Accounts on Employee Benefit Expenses:

(i) Wages Rs. 5,20,000

(ii) Medical Expenses Rs. 30,000

(iii) Salaries Rs. 7,40,000

(iv) Printing and Stationery Rs. 15,000

(v) Business Promotion Expenses Rs. 50,000

(vi) Gratuity Paid Rs. 1,50,000

(vii) Contribution to Provident Fund Rs. 1,10,000

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make it easier for sellers to do business without paying wages for employees, rent for the shop's building and other expenses.

The correct option is C Weekly marketsWeekly markets make it easier for sellers to do business without paying wages for employees, rent for the shop's building and other expenses.

The correct option is C Weekly markets
Weekly markets make it easier for sellers to do business without paying wages for employees, rent for the shop's building and other expenses.