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

Q. The expenses due but not paid is known as -

Q. Trial balance is not a conclusive proof of accuracy due to which errors. I)Error of omission II)Error of Principle III)Error of Commission IV)Compensatory Errors

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

Q. If closing stock is mentioned in trial balance,Where is it shown in Final Accounts?

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

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

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. In the books of account if a transaction is completely deleted, will it affect the trial balance?

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