Multiple Choice
Which of the following is the example of contingencies?
A) Compulsory acquisition of part of land of the company by the Government
B) A suit filed by the employee against the company
C) A debtor of the company is declared insolvent, resulting in bad debts to the company
D) All of (a) , (b) and (c) above.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following statements is/are true
Q2: Total depreciation of an asset cannot exceed
Q3: In an account if debit side >
Q4: Overcasting of purchases journal would affect<br>A)Sales account
Q6: The amount payable to a person as
Q7: The type of A/c with a named
Q8: Opening entries are generally passed through-<br>A)General Journal
Q9: Which of the following assets is/are to
Q10: Legacy are generally-<br>A)Capitalized .<br>B)Treated Loss .<br>C)Revenue Expenses
Q11: When the benefits of revenue expenditure is