Multiple Choice
Credit sales can be ascertained by preparing
A) Creditors account
B) Debtors account
C) Both of the above
D) None of the Above
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Under the net worth method, the profit
Q43: Income and expenditure Account shows a balance
Q44: Non-trading organization prepares<br>A)Income and Expenditure A/c<br>B)Trading and
Q45: Credit purchase is determined by preparing<br>A)Purchase Account<br>B)Debtor's
Q46: Outstanding subscription is a/an<br>A)Income<br>B)Asset<br>C)Liability<br>D)None of these
Q48: Under single entry system details of<br>A)Expenses will
Q49: Income and Expenditure A/c reveals<br>A)Cash in hand<br>B)Surplus
Q50: Under single entry system, certain transactions are
Q51: Out of the following items, which one
Q52: The minimum share application money is<br>A)Rs.5 per