Goods distributed as free samples are debited to: MCQ with Answer and Explanation

Explanation:
An error of principle violates fundamental accounting rules (e.g., treating a capital expense as revenue). An error of complete omission means the transaction is not recorded at all. Both definitions are correct.

Explanation:
WC = CA - CL = 60,000. CA/CL = 3 => CA = 3CL. So 3CL - CL = 60,000 => 2CL = 60,000 => CL = 30,000, CA = 90,000. QA/CL = 1 => QA = 30,000. Inventory = CA - QA = 90,000 - 30,000 = ₹60,000.

Explanation:
A's new share = 3/5 - 1/10 = 5/10, B's new = 2/5 - 1/10 = 3/10, C's = 2/10. Ratio 5:3:2.