Multiple Choice
In India, a company can keep its books of accounts on?
A) Mercantile Basis
B) Accrual Basis
C) Cash Basis
D) No Basis
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: The opening stock is shown in:<br>A)Trading Account<br>B)Profit
Q24: The term "compound entry" means that the
Q25: The balance of petty cash is?<br>A)An asset<br>B)A
Q26: Entry representing the reversal or cancellation of
Q27: Errors of carry forward from one year
Q29: Assets are usually valued under which basis?<br>A)Replacement
Q30: It is generally assumed that the business
Q31: What is the important objective of accounting?<br>A)To
Q32: General rules that are used as a
Q33: Capital expenditures are the expenditures incurred for