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Q. The balance of trading account is called

Q. In case specific fund is maintained, the expenses exceeding the amount of the funds, should be recorded on:

Q. Purchase day book records

Q. Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time

Q. Accrued Holiday remuneration becoming payable to any workman is treated as ________________________

Q. To find out the opening and closing capitals statement of affairs are prepared

Q. The excess price received on the par value of the shares should be credited to

Q. When there is no Goodwill Account in the books and goodwill is raised,…………….account will be debited Sol:

Q. Which error does not affect the trial balance

Q. Goods worth ` 5,000 purchased from A on credit will be recorded on-