Q2861
Open questionThe term banking is defined in section . . . . . . . .
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Commerce · all questionsAccounting
Accounting
practice.
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Q2862
Open questionWhich of the following represents term deposit?
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Q2863
Open questionErrors of carry forward from one year to another year affect . . . . . . . .
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Q2864
Open questionWhat does GAAP represents?
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Q2865
Open questionWhich one of the following error will affect the agreement of the trial balance?
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Q2866
Open questionRs. 500 spent on servicing office typewriter should be debited to . . . . . . . .
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Q2867
Open questionSelect the correct amount of purchases, given on the following information:
Cost of goods sold - Rs. 1,20,000;
Carriage inwards - Rs. 1,890;
Opening stock - Rs. 43,640;
Closing stock - Rs. 38,500;
Purchase returns - Rs. 2,150;
Sales - Rs. 2,82,650
Cost of goods sold - Rs. 1,20,000;
Carriage inwards - Rs. 1,890;
Opening stock - Rs. 43,640;
Closing stock - Rs. 38,500;
Purchase returns - Rs. 2,150;
Sales - Rs. 2,82,650
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Q2868
Open questionContingent liability appears as a footnote in the balance sheet. This is in accordance with the accounting principle of . . . . . . . .
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Q2869
Open questionCost of goods sold is Rs. 1,00,000 rate of gross profit on sales is 20%. What is the amount of sales?
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Q2870
Open questionWhich one of the following errors is an error of principle?
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Q2871
Open questionConcept of Realisation implies:
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Q2872
Open questionBalance sheet is a:
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Q2873
Open questionAn entry of Rs. 500 was wrongly posted to wages account instead of machinery account, as wages are to be capitalised. It is an error of:
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Q2874
Open questionTo test the liquidity of a concern, which of the following ratios are useful?
I. Acid test ratio
II. Capital turnover ratio
III. Bad debts to sales ratio
IV. Inventory turnover ratio
Select the correct answer using the options given below:
I. Acid test ratio
II. Capital turnover ratio
III. Bad debts to sales ratio
IV. Inventory turnover ratio
Select the correct answer using the options given below:
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Q2875
Open questionPreference shareholders are . . . . . . . . of the company:
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Q2876
Open questionFrom the following find out the correct equation:
I. A represents opening stock
II. B represents purchases
III. C represents closing stock
IV. D represents cost of goods sold
I. A represents opening stock
II. B represents purchases
III. C represents closing stock
IV. D represents cost of goods sold
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Q2877
Open questionMatch List-I with List-II and select the correct answer using the options given below the lists:
| List-I | List-II |
| a. Income measurement | 1. Accrues to owner's equity |
| b. Expense recognition | 2. Revenue recognition |
| c. Basis for realisation in accounting | 3. Matching revenues |
| d. Recognised revenue | 4. Accounting period |
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Q2878
Open questionSales of old material must be shown on the credit side of . . . . . . . .
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Q2879
Open questionIn triple column cash book, cash withdrawn from bank for office use will appear in:
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Q2880
Open questionThe process of transferring the credit and debit items form a journal to their respective accounts in the ledger is termed as . . . . . . . .
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