Which among the following statement is correct?
A. Section 148 of Indian Contract Act, 1872 deals with Bailment
B. Section 4 of the Company act, 1956 deals with Bailment
C. Section 13 & 14 of the Indian Contract Act, 1872 deals with Bailment
D. Section 2(h) of the Indian contract Act 1872 deals with Bailment
E. Section 124 of the Indian Contract Act 1872 deals with Bailment
Answer: Option A
This Question Belongs to Commerce >> Miscellaneous In Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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