The chart of accounts is a listing of the general ledger accounts to which amounts can be posted. The chart of accounts is a helpful tool for identifying the best account for recording a transaction.
In some accounting software the chart of accounts may be the means to open new general ledger accounts and to control their position in the financial statements.
The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is A. 3 months B. 4 months C. 6 months D. 8 months
The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is A. Rs. 36 B. Rs. 72 C. Rs. 48 D. Rs. 96
The banker's discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is A. 10% B. 13% C. 12% D. 15%
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is A. Rs. 400 B. Rs. 360 C. Rs. 480 D. Rs. 320
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