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Q. When Salary is paid by cheque, which account is credited.

Q. Which is true. I)Fixed installation method is recognised by income tax department. II)The amount of depreciation in WDV method remains same.

Q. Which is correct. I)Dr. the receiver,Cr. the Giver II)Dr. what goes out,Cr. what comes in III)Dr. all Expenses,Cr.All Losses

Q. 1 oct Opening balance=400 units @Rs 20 each, 3 Oct:Purchase=300 units @Rs 10 ,5 Oct Sales=500 units.What will be total Sales value(in Rs) as per FIFO Method?

Q. The elements of the accounting equation are

Q. 2 oct Opening balance=200 units @Rs 15 each, 4 Oct:Purchase=500 units @Rs 10 ,5 Oct Sales=600 units.What will be Closing Inventory value (in Rs) as per LIFO Method?

Q. What is the formula for calculating depreciation in SLM Method?

Q. When proprietor withdrew cash from business for personal use , it is known as -

Q. Which one is false. I)Capital Expenditure is non recurring in nature and shown in P&L account. II)Revenue expenditure is incurred to conduct day to day activities

Q. The respective normal account balances of Sales, Sales Returns , and Discounts allowed are?