____________is also known as Appraisal system of depreciation?
____________is also known as Appraisal system of depreciation?
A. Inventory system
B. Survey system
C. Annuity system
D. Insurance
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Closing entries are generally passed:
Closing entries are generally passed:A. At the time of opening new books of account
B. At the time of closing the accounts
C. During the course of accounting period any time
D. After certification of accountsPetty cash balance is a/an___________?
Petty cash balance is a/an___________?
A. Assets
B. Expenditure
C. Liability
D. NoneAn income statement in which each item expressed as percentage of Sale?
An income statement in which each item expressed as percentage of Sale?
A. Balance sheet
B. income statement
C. common size income statement
D. All of the AboveA brief explanation recorded below every entry in general journal is commonly known as__________?
A brief explanation recorded below every entry in general journal is commonly known as__________?
A. Narration
B. Explanation
C. Summary
D. Other informationPostdated checks are considered as__________?
Postdated checks are considered as__________?A. Cash
B. Bank balance
C. Accounts receivable
D. Cash reserveWhich of these errors affect only one account?
Which of these errors affect only one account?
A. Errors of casting
B. Errors of carry forward
C. Errors of posting
D. All the three