Multiple Choice
Which of the following is not a contingent liability?
A) Claims against the company not acknowledged as debts
B) Debts included on debtors which are doubtful in nature
C) Uncalled liability on partly paid shares
D) Arrears of cumulative fixed dividends
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Interest Account will have-<br>A)Debit balance only .<br>B)Credit
Q13: A few errors committed in Ahhiwalia's books
Q14: Which of the following methods is not
Q15: Purchases made on credit not recorded at
Q16: Amount received from the proprietors as capital
Q18: Purchase A/c will have-<br>A)No balance at all
Q19: Any income or profit derived by carrying
Q20: Which of the following voucher is used
Q21: Endowment fund receipt is traded as-<br>A)Casual Receipt
Q22: Which of the following is true regarding