The Consignment Accounting is made on the following basis
The Consignment Accounting is made on the following basis
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
Bachelor of Business Administration (BBA)
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Question: A. Cash basis B. Realisation basis C. Accrual basis D. None of the above Answer» c. Accrual basis -
Which of the following is artificial personal account?
Question: Which of the following is artificial personal account?
A. SBI account B. Wages paid account C. Discount received account D. Drawings account Answer» a. SBI account Note: The above multiple-choice question is for all general and Competitive Exams in India. -
The process of transfer of entries from day book to ledger is called as
Question: The process of transfer of entries from day book to ledger is called as
A. Balancing B. Journal Posting C. Transaction D. Ledger Posting Answer» d. Ledger Posting Note: The above multiple-choice question is for all general and Competitive Exams in India. -
Amount set apart to meet loss due to bad debt is a
Question: Amount set apart to meet loss due to bad debt is a
A. Provision B. Appropriation C. Reserve D. Commission Answer» a. Provision Note: The above multiple-choice question is for all general and Competitive Exams in India. -
Any revenue expense for which a separate fund is available will be
Question: Any revenue expense for which a separate fund is available will be
A. capitalised and shown in the balance sheet. B. debited to income and expenditure account. C. debited to the separate fu Answer» c. debited to the separate fu Note: The above multiple-choice question is for all general and Competitive Exams in India. -
Payment of Bills of Exchange is received
Question: Payment of Bills of Exchange is received
A. by drawer B. by holder in due course of due date C. by endorsee D. by bank Answer» b. by holder in due course of due date Note: The above multiple-choice question is for all general and Competitive Exams in India. -
A sale of goods to Laxman for cash should be debited to
Question: A sale of goods to Laxman for cash should be debited to
A. Laxman A/c B. Cash A/c C. Sales A/c D. Capital A/c Answer» b. Cash A/c Note: The above multiple-choice question is for all general and Competitive Exams in India. -
A withdrawal of cash from business by the proprietor should be credited to
Question: A withdrawal of cash from business by the proprietor should be credited to
A. Drawing Account B. Capital Account C. Cash Account D. Purchase Account Answer» c. Cash Account Note: The above multiple-choice question is for all general and Competitive Exams in India. -
Which balance is not considered for closing entries on t he basis of trial balance fortransferring to Trading and Profit & Loss Account?
Question: Which balance is not considered for closing entries on t he basis of trial balance fortransferring to Trading and Profit & Loss Account?
A. Salary and Wages B. Discount Received C. Commission Paid D. Cash in Hand Answer» d. Cash in Hand Note: The above multiple-choice question is for all general and Competitive Exams in India. -
If X co-venture takes away of goods under memorandum Joint Venture Method then he willdebit these goods in his books to
Question: If X co-venture takes away of goods under memorandum Joint Venture Method then he willdebit these goods in his books to
A. Sales Account B. Purchase Account C. Personal Account D. Joint Venture Account Answer» c. Personal Account Note: The above multiple-choice question is for all general and Competitive Exams in India.