Fundamentals of Accounting MCQs
R
Q 31. Decrease in the amount of creditors results in
G
Q 32. The determination of expenses for an accounting period is based on the concept of 3
V
Q 33. A debit note issued to a creditor for goods returned is to be recorded in the
G
Q 34. Trade discount is allowed at the time of sale of goods.
S
Q 35. In case of depreciable assets are revalued, the provision for depreciation is based on
R
Q 36. Which of the following error is an error of principle?
V
Q 37. Which of these errors affects only one account?
V
Q 38. In a overdraft balance as per cash book, a cheque of 1,250 deposited into bank but not recorded in cash book will be
P
Q 39. Which one of these documents is not required for bank reconciliation?
V