MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Compound Interest

WHAT DO YOU M...

Question

WHAT DO YOU MEAN BY BUILDING STANDS IN THE BOOKS AT 5,000

Open in App

Solution

Thumbs-up to Riya for current answer.
Further, the statement 'Building stands in the books Rs 5,000' implies that the value of the Building appearing in the books of accounts is Rs 5,000 or it can be said that Rs 5,000 is the Book Value of the Building.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Answer the question.
What do you mean by 'Book Building'?

What do you mean by Book-Keeping?

Q. What do you mean by standing crop and standing state?

Q. How will you rectify the following errors?
(i) ₹ 500 spent on building repairs has been debited to the Building Account.
(ii) Furniture worth ₹ 5,000 purchased from X on credit omitted from being recorded in the books.
(iii) Total of Returns Inward Book was added by ₹ 200 instead of ₹ 250.
(iv) Goods purchased from Mohan for ₹ 5,000 was passed through Returns Inward Book.
(v) Goods returned to Ram was passed through Sales Book.
(vi) Bills payable of ₹ 5,000 accepted in favour of Murari, was passed through bills receivable book with ₹ 500 but Murari's account was correctly debited.

Q. In a certain code, '253' means 'books are old'; '546' means 'man is old' and '378' means 'buy good books'. What stands for 'are' in that code?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple and Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Compound Interest

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon