The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?

The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?

A. Sales
B. Purchases
C. Inward returns
D. Closing stock(Correct)

 

The closing stock D. is the value of goods which remain unsold at the end of the period whose balance appears once in Trading Account and once in Balance Sheet of the business.
All other accounts sales A., purchases B. and Inward Returns C. are closed once they are absorbed by the Trading Account. Thus D. is the correct answer.

 

Which of the following items should not be capitalized relating to fixed assets?

Which of the following items should not be capitalized relating to fixed assets?

A. Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use
B. Stand by equipment and servicing equipment
C. Expenditure incurred on test runs and experimental production
D. Administration and general expenses(Correct)

 

Only those expenses which relate to and specifically attributable to the asset are
capitalized. Administration and general expenses cannot be specifically attributable to the asset
and hence cannot be capitalized.

 

English Grammar Test Fill in the Blank with Suitable Answer

English Grammar Test Fill in the Blank with Suitable Answer

(correct answers are at the end)

1. A ________ in her hair yesterday.

a) nice yellow bow b) yellow nice bow c) bow nice yellow

2. She lost a ________ .

a) small white cat b) cat small white c) white small cat

3. I bought ________ oranges.

a) great some big b) big great some c) some great big

4. We met ________ people at the conference.

a) very smart two b) two very smart c) very two smart

5. The clown was wearing a ________ hat.

a) big green-yellow b) big green and yellow c) yellow and green big

6. The cookies that you ________ .

a) smell delicious baked b) baked smell delicious c) delicious smell baked

7. Is it ________ ?

a) cold getting outside b) getting cold outside c) getting outside cold

8. The course you are ________ .

a) taking sounds interesting b) sounds interesting taking c) interesting sounds taking

(Correct Answers)
1. nice yellow bow
2. small white cat
3. some great big
4. two very smart
5. big green and yellow
6. baked smell delicious
7. getting cold outside
8. taking sounds interesting

Who is the Current President of Financial Action Task Force (FATF) ? Which is founded in 1989, having 39 members and headquartered in Paris?

Who is the Current President of Financial Action Task Force (FATF) ? Which is founded in 1989, having 39 members and headquartered in Paris?A. Marshall Billingslea
B. Xiangmin Liu
C. David Hil
D. Dr. Marcus Pleyer

The FATF President is a senior official appointed by the FATF Plenary from among its members for a term of one year (see also FATF Presidencies since 1989).
The term of the President begins on 1 July and ends on 30 June of the following year. The President convenes and chairs the meetings of the FATF Plenary and the Steering Group, and he/she oversees the FATF Secretariat. The FATF currently comprises 39 member jurisdictions and 2 regional organisations, representing most major financial centres in all parts of the globe.
Dr. Marcus Pleyer of Germany assumed the position of President of the FATF on 1 July 2020. He succeeded Xiangmin Liu of the People’s Republic of China. He succeeded Xiangmin Liu of the China.
last updated: 15 July-2020. Please comment, if answer not updated on 1st July 2021.

 

Battle of Khyber was fought against ?

Battle of Khyber was fought against ?

A. Quresh
B. Yemeni tribes
C. Muslime Kazab
D. Jewish Tribe

The Battle of Khaybar (Arabic: غَزْوَة خَيْبَر‎) was fought in the year 628 between Muslims and the Jews living in the oasis of Khaybar, located 150 kilometers (93 mi) from Medina in the north-western part of the Arabian peninsula, in modern-day Saudi Arabia.