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Q2581

If a cheque sent for collection is dishonoured, the debit is given to:

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Q2582

Which of the following pairs are correctly matched?
I. Business entity - Accounting standard
II. Stock valuation - Consistency
III. Capital - Drawings
IV. Going concern - Assumption
Select the correct answer using the options given below-

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Q2583

The discount column of a triple column cash book records . . . . . . . .

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Q2584

Specific donations received by a non-trading concern are usually . . . . . . . .

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Q2585

The following information pertains to a cultural club:
Stock of tinned provisions (as on 1^st April 1994) : Rs. 25,000
Purchased during the year : Rs. 1,50,000
Stock of tinned provisions (as on 31^st March 1995) : Rs. 50,000
Sale of tinned provisions during the year : Rs. 1,50,000
The amounts to be debited and credited respectively to the Income and Expenditure account would be:

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Q2586

Stock is valued at . . . . . . . .

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Q2587

A scheduled bank is required to maintain with RBI . . . . . . . . at a prescribed percentage of their total time and demand deposit.

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Q2588

Revenue expenditure is intended to benefit . . . . . . . .

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Q2589

Which of the following statements best explains the relationship between journal and ledger?

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Q2590

Match List-I with List-II and select the correct answer using the options given below the Lists:

List-I	List-II
a. Partner's current accounts	1. Dissolution of partnership
b. Goodwill account	2. Admission of a partner
c. Partner’s drawings account	3. Fixed capital of partners
d. Realisation account	4. Goods taken by a partner for self-consumption

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Q2591

The statement sent along with purchase return is:

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Q2592

A bill drawn and accepted for a genuine trade transaction is termed as a . . . . . . . . bill.

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Q2593

While discounting the bill, debit should be given to . . . . . . . .

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Q2594

Immediately after purchasing a new truck Rs. 1,000 is paid to have the name of the company and other advertising material painted on the truck this Rs. 1,000 is a:

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Q2595

Right shares are issued to . . . . . . . .

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Q2596

Which of the following should not be considered as a part of purchase consideration?

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Q2597

Calls in advance is shown in the balance sheet as . . . . . . . .

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Q2598

The policy to anticipate no profit and provide for all possible losses arises due to convention of . . . . . . . .

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Q2599

Expenditure incurred on research is an example of . . . . . . . .

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Q2600

Unearned income account is:

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