Which of the following comes under assets?

Bills Receivable

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Debtors

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Building

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All the above

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Solution

The correct option is D
All the above

All the above

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Q. When Consignor discounts the bills receivable with bank, then which of the following entry will be passed in the books of Consignor?

A.Consignment A/c Discount A/c To Bills Receivable A/c	Dr. Dr.
A.Bank A/c Profit & Loss A/c To Bills Receivable A/c	Dr. Dr.
C.Bank A/c Consignment A/c To Bills Receivable A/c	Dr. Dr.
D.None of the above.

Q. Question: Calculate the number of bills receivable dishonoured from the following information

	(Rs)
Opening balance of bills receivable	$1, 20, 000$
Bills collected (honoured)	$1, 85, 000$
Bills receivable endorsed	$22, 800$
Closing balance of bills receivable	$50, 700$
Bill receivable received	$1, 50, 000$

Calculate the amount of bills receivable dishonoured from the following information.

	Rs
Opening balance of bills receivable	1,20,000
Bills collected (honoured)	1,85,000
Bills receivable endorsed	22,800
Closing balance of bills receivable	50,700
Bills receivable received	1,50,000

Monika has the following assets and liabilities as on 31st March, 2016. Ascertain her capital. Cash Rs. 50,000, bank Rs. 95,000, debtors Rs. 36,000, plant and machinery Rs. 1,60,000, building Rs. 4,00,000, furniture Rs. 48,000, creditors Rs. 44,000, bills receivable Rs. 1,13,000 and bills payable Rs. 47,000.

Ascertain the appropriate missing figure from the following information :

Bills receivables as on March 31, 2018 Rs. 20,000,
Bills receivables as on March 31, 2017 Rs. 16,000,
Bills collected Rs. 21,000,
Bills receivable of Rs. 1,00,000 discounted with a bank at a discount of Rs. 4,000,
Bills receivable of Rs. 50,000 endorsed in favour of creditors.
Bills receivable (which were retained ) dishonoured Rs. 25,000.

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Which of the following comes under assets?

The correct option is D All the above All the above

The correct option is D
All the above

All the above