Provision is created for____________?
Provision is created for____________?
A. Unknown Liabilities
B. Known Liabilities
C. Creation of Secret Reserves
D. All the Three
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Cash book records?
Cash book records?
A. Only cash sales
B. All types of cash receipts and payments
C. Only revenue receipts
D. Only capital receiptsWhich English alphabet is similar to the shape of an account?
Which English alphabet is similar to the shape of an account?A. I
B. T
C. H
D. NoneWhich of these items are taken into consideration for preparation of adjusted Cash Book
Which of these items are taken into consideration for preparation of adjusted Cash Book
A. Mistake in Cash Book
B. Mistake in Pass Book
C. Cheque issued but not presented for payment
D. Cheques deposited but not clearedThe main objective of providing depreciation is to?
The main objective of providing depreciation is to?
A. Calculate the true profit
B. Show the true financial position in the Balance Sheet
C. Provide funds for replacement of fixed assets
D. Both A. and B. aboveThe main objective of providing depreciation is to find out the true Net Profit or Loss for
an accounting period and to present a true and fair view of the state of affairs of the business.
Providing funds for replacement is only an ancillary objective and not the main objective.]Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?
Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?
A. Error of principle
B. Error of commission
C. Error of omission
D. Error of duplicationTax deducted at source appears in the Balance Sheet
Tax deducted at source appears in the Balance SheetA. On the assets side under current assets
B. On the assets side under loans and advances
C. On the liabilities side under current liabilities
D. On the liabilities side under provisions