Discount allowed is a kind of deduction from_____________?
Discount allowed is a kind of deduction from_____________?
A. Account payable
B. Account receivable
C. Cash account
D. Discount account
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Standing orders are ________
Standing orders are ________A. Credited in the cash book
B. Debited in the cash book
C. Entered in the bank statement
D. Entered in the petty cash balanceIdentify the correct sequence of accounting process
Identify the correct sequence of accounting process
A. Communicating→Recording→Identifying
B. Recording→Communicating→Identifying
C. Identifying→communicating→recording
D. Identifying→recording→communicatingCash brought by the owner to start business is called__________?
Cash brought by the owner to start business is called__________?
A. Capital
B. Loan
C. Drawing
D. None of theseWhich of the following is a real account?
Which of the following is a real account?A. Office equipment
B. Rent expenses
C. Rent income
D. Insurance expenseThe total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?A. Direct cost
B. Variable cost
C. Commercial cost
D. Conversion costWhich of these is not an operating income?
Which of these is not an operating income?A. Income from sale of trading goods
B. Bad debts recovered
C. Interest on FDs
D. None