📊 Financial Accounting 2
Q. According to which concept, the proprietor pays interest on drawings
  • (A) accrual concept
  • (B) conservatism concept
  • (C) entity concept
  • (D) dual aspect concept
💬 Discuss
✅ Correct Answer: (C) entity concept

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. Trading account is a

Q. The profit included in surplus or shortage of stock is transferred to ______ account

Q. To issue shares on premium mean

Q. To issue shares on Discount mean

Q. Dividing the expenditure into capital and revenue is according to

Q. Investment in partnership is made by introducing:

Q. Any partner who investments in the business but does not take active part in the business is:

Q. Under the stock and debtor system, Branch A/c is treated as ______

Q. H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______

Q. The persons who have entered into a partnership business are individually called:

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play

📊 Question Analytics

👁️
760
Total Visits
📽️
2 y ago
Published
🎖️
Ram Sharma
Publisher
📈
92%
Success Rate