Multiple Choice
Bill dishonored is shown in
A) Bills receivable account
B) Bills receivable account and Debtor account.
C) Debtor account.
D) None of the Above
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Receipts and Payment A/c is a summary
Q18: Receipts and Payments Account generally shows:<br>A)A Debit
Q19: Receipts and Payments Account usually indicates-<br>A)Surplus<br>B)Capital Fund<br>C)Debit
Q20: Sale of old newspapers is-<br>A)Capital Receipt<br>B)Revenue Receipt<br>C)Asset<br>D)Profit
Q21: In single entry system sales are computed
Q23: To ascertain the real profit, the difference
Q24: The single entry system cannot be adopted
Q25: Legacy for specific purpose is :<br>A)Added to
Q26: Entrance fees are generally<br>A)Capitalised<br>B)Taken as income<br>C)Treated as
Q27: The amount of credit sale is ascertained