- Expense
- Liability
- Assets
- All of them
Correct Answer is:
Liability
|
Correct Answer is:
1961
|
- 18,387
- 18,560
- 18,750
- 19,000
Correct Answer is:
18,387
|
- Receipts
- Payments
- Incomes
- Expenditures
Correct Answer is:
Payments
|
- Loss of 20,000
- Loss of 22,000
- Loss of 11,000
- Profit of 11,000
Correct Answer is:
Loss of 22,000
|
Correct Answer is:
864
|
|
- Genuine trade reasons
- For mutual financial accommodation
- To help augment money supply
- All the three
Correct Answer is:
For mutual financial accommodation
|
- Recording entries in journal
- Recording entries in Ledger account
- Recording two aspects of every transaction
- Recording every transaction in books
Correct Answer is:
Recording two aspects of every transaction
|
- Cash receipt journal
- Cash payment journal
- Cash book
- Financial statements
Correct Answer is:
Cash book
|
- Direct cost
- Variable cost
- Commercial cost
- Conversion cost
Correct Answer is:
Commercial cost
|
- Journal entry
- Multi entry
- Additional entry
- Compound entry
Correct Answer is:
Compound entry
|
|
- Gains
- Depreciation
- Expenses
- Capital expenditures
Correct Answer is:
Expenses
|
- Identifying an economic event or transaction
- Preparing journals
- Posting entries to ledger accounts
- Making decisions about business
Correct Answer is:
Identifying an economic event or transaction
|