Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
Section 7
Section 8
Section 9
Section 10
Section 11
Section 12
Section 13
Section 14
Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 27
Section 28
Section 29
Section 30
81. Consider the following statements:
A credit purchase during the accounting year which was not recorded in the books of account but included in the closing stock is to be:
I. added to the credit purchases account
II. added to the creditors account
III. subtracted from the closing stock
IV. added to the opening stock
Which of the statements given above is/are correct?
A credit purchase during the accounting year which was not recorded in the books of account but included in the closing stock is to be:
I. added to the credit purchases account
II. added to the creditors account
III. subtracted from the closing stock
IV. added to the opening stock
Which of the statements given above is/are correct?
82. Bills are drawn by . . . . . . . .
83. When goods are purchased for the joint venture out of joint bank A/C the amount is debited to:
84. When furniture is sold for cash, the entry should be made in . . . . . . . .
85. While preparing the annual financial statements, the balance of rent account should be treated as the balance of a:
86. Bank overdraft account is a:
87. "Holding gains in relation to stocks should not be used for payment of dividend." Which one of the following accounting principles is involved in this?
88. The take over of a company in which most of the purchase price is paid with borrowed money is referred to as
89. Any revenue expenditure relating to special fund must be deducted from . . . . . . . .
90. Which one of the following statements is correct?
Read More Section(Accounting)
Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 5
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25
- Accounting - Section 26
- Accounting - Section 27
- Accounting - Section 28
- Accounting - Section 30