Related Posts

---

Q. Accounting records transactions in term of

Q. The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.

Q. Which of the following does not include under the head “other asset”

Q. Buy Back must expenses may be treated as_________________

Q. If the rate of G/P is 25% of sales and the cost of goods sold is ` 150000, the amount of G/P will be

Q. The amount of opening stock can be ascertained by preparing

Q. Donation which is given as per will is known as

Q. While checking the accounts of ABC the following discrepancies were noticed, even though the Trial Balance was made to balance by putting the difference to Suspense A/c. (i) Sales day book for the month of June‘12 was found overcast by ` 7,000. (ii) A credit purchase of ` 3,000 was omitted to be recorded in the days book. (iii) ` 4,300. Received from A credited to A A/c ` 3,400. (iv) Purchase of Office Equipment worth ` 5,000 included in trading purchases. From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

Q. The difference between subscribed capital and called up capital

Q. Which of the following statement is false? Sol: