Debit side of Bank Pass book corresponds to___________?
Debit side of Bank Pass book corresponds to___________?
A. Credit side of Cash Book
B. Debit side of Cash Book
C. Debit side of Trial Balance
D. Credit side of Balance Sheet
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A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash bookA. $1000 will be added to cash book balance
B. $2000 will be deducted from cash book balance
C. $3000 will be added to cash book balance
D. $3000 will be subtracted from cash book balanceIn accounting an Economic event is referred to as:
In accounting an Economic event is referred to as:
A. Cash
B. Bank statement
C. Transaction
D. Exchange of moneyGoodwill A/c is a/an__________?
Goodwill A/c is a/an__________?
A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious AssetOne of the most important tools in cost planning is__________?
One of the most important tools in cost planning is__________?A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.A systematic way to maintain the books of accounts is called_________?
A systematic way to maintain the books of accounts is called_________?
A. Accountancy
B. Economics
C. Book Keeg
D. AuditingThe accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?
The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?
A. Depreciation
B. Physical deterioration of the asset
C. Decrease in market value of the asset
D. Valuation of an asset at a point of time