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Q. Which of the following is not the external user of accounting information?

Q. The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?

Q. Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs Calculate depreciation as per SLM method

Q. Where do we show Gas and Fuel in final accounts?

Q. Arun is a Book-seller, which item will be goods for his business ?

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. In trial balance, which accounts with is/are recorded at the credit side? I)Sales II)Sales return III)Cash IV)Loan

Q. refers to the order in which the various assets and liabilities are shown in the Balance Sheet.

Q. According to which principle the same accounting methods should be used each year:

Q. Where do we show Provision of bad debts in final accounts if given in adjustments? I)Debit side of P&L II)Credit side of P&L III)Deduct from Debtors in Balance Sheet IV)Add to Debtors in Balance Sheet