Payment of expenses will ______ the assets
Payment of expenses will ______ the assets
A. Increase
B. Reduce
C. apportion
D. Overstate
Similar Posts
Double entry implies that
Double entry implies that
A. Recording entries in journal
B. Recording entries in Ledger account
C. Recording two aspects of every transaction
D. Recording every transaction in booksGoodwill A/c is a/an__________?
Goodwill A/c is a/an__________?
A. Nominal A/c
B. Tangible Asset
C. Intangible Asset
D. Fictitious AssetThe excess of current assets over current liabilities is called:
The excess of current assets over current liabilities is called:
A. Working Capital
B. Circulating capital
C. Fixed capital
D. Trading capitalCredit purchase of plant and machinery is recorded in which of the following journals?
Credit purchase of plant and machinery is recorded in which of the following journals?A. General journal
B. Cash journal
C. Purchase journal
D. Purchase return journalBuildings account is debited with an amount towards repairs. This is an example of?
Buildings account is debited with an amount towards repairs. This is an example of?
A. Error of commission
B. Error of principle
C. Error of omission
D. Compensating errorB. Buildings account debited with an amount towards repairs is an error of principle. Error of principle is a wrong classification of expenditure or receipt.
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commissionA. 6441
B. 5431
C. 7150
D. 5876