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Q. Trade discount is allowed at the time of sale of goods.

Q. Whenever errors are noticed in the accounting records, they should be rectified.

Q. Capital expenditures are shown in the

Q. In case of depreciable assets are revalued, the provision for depreciation is based on

Q. Goods taken from business for personal use by the proprietor should be credited to

Q. A debit note issued to a creditor for goods returned is to be recorded in the

Q. The periodical total of Returns Inward Day Book is posted to 5

Q. Which of the following error is an error of principle?

Q. Y-draws a trade bill of 12,000 for 6 months on X. After holding the bill for 2.5 months, Y discount the bill with bank @ 10% p.a. The amount of discount on bill is

Q. Which of these errors affects only one account?