Class VIII Question

by Yash bhardwaj
(Delhi)

Rohit brought a tape-recorder for rs.1500 and sold it for rs.1800. Calculate his profit or loss percent

Classify Each Items in The Table Below As Either Income, Expense, Fixed Asset, Current Asset, Long Term Liability, Current Liability, or Owners Equity

by Ellen
(RSA)

accounting feeds
advertising
bank charges
bank overdraft
call deposit account
capital
cash float
creditors
debtors
drawings
insurance
interest paid
interest received
land and buildings
mortage bond
motor vehicle
office equipment
petrol and oil
property rate and taxes
repairs and maintenance
salaries and wages
services rendered
stationery and printing
stationery stock

Classifying Vendor Discounts

by Teresa
(Littleton, CO USA)

We are in a debate over classifying vendor discounts as income or a reduction of COGS. What are the pros/cons of each?

Classification of Health Club Memberships

What do you classify health club membership fees for employees as on the books of a business?