Related Posts

---

Q. Subscriptions received in advance by a club are shown on……………..of the Balance Sheet Sol:

Q. The process of balancing of an account involves equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is (i) A Debit balance (ii) A Credit balance (iii) An expenditure or an Asset (iv) An Income or a Liability

Q. Under the average clause, the loss is suffered by both insurer and insured in the ratio of risk covered Sol:

Q. Purchase of Raw Material for Cash

Q. Depreciation is calculated on the

Q. Discount on issue of Debentures is in the nature of

Q. Income and Expenditure Account is preparedly : Sol:

Q. Weighted average method of calculating goodwill is used when Sol:

Q. Income received in advance is

Q. By what rate the balance of head office account is converted in foreign branch