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Question_Of_The_Day
The excess of income & gains over expenses & losses represents
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Question_Of_The_Day
Return outwards appearing in trial balance are deducted from
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Question_Of_The_Day
The following factor should be considered while selecting and applying accounting policies.
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Question_Of_The_Day
All indirect expenses are debited to _ account.
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Question_Of_The_Day
If Ram has sold goods for cash , the entry will be recorded
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Question_Of_The_Day
A purchase of goods by sohan from mohan for Rs.1,000 will be recorded in the
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Question_Of_The_Day
The process of transferring the transaction relating to change in a particular item at one place in the form of an account is called
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Question_Of_The_Day
Goods Outward journal is meant for recording all returns of goods
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Question_Of_The_Day
Opening inventory Rs.1,00,000. Purchases Rs.4,00,000, closing stock Rs.2,75,000. Selling price 25 % on sales. The sales are
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Question_Of_The_Day
When balance as per cash book is the starting point, interest charged by bank is
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Question_Of_The_Day
Under __ system, amount of depreciation amount changes every year.
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Question_Of_The_Day
A, B & C are partners sharing profits in the ratio of 3:2:1. D is admitted for 1/6th share in the profits. C would retain his original shares. the new ratio will be
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Question_Of_The_Day
Further capital introduced during the year is _ from closing capital in order to find out the correct profit.
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Question_Of_The_Day
When a bill is paid in full on the due date it is called _ bill
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Question_Of_The_Day
A list of balances of all the accounts in ledger is called __.
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Question_Of_The_Day
Profit _ the capital at the end of the year.
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