Carriage on goods purchased is shown in:___________?

Related Mcqs:

If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

A. Arithmetic accuracy B. Errors of commission C. Omissions of economic events D. Understatements of balances...

Which is the most important characteristic that all assets of a business have?

A. Long life of assets B. Value of assets C. Intangible nature of assets D. Future economic benefits...

An increase in provision for bad debt will____________?

A. Decrease net income B. Decrease liabilities C. Increase net income D. Increase liabilities...

Which of the following statements is true?

A. If a Trial Balance tallies, it always means that none of the transactions has been completely omitted B. A Trial Balance will not tally if a transaction is omitted C. A customer to whom goods have been sold on credit cannot avail himself of a cash discount D. A credit balance in the Pass … Which of the following statements is true?Read More...

Which one of the following is a capital expenditure?

A. Compensation paid to Directors on termination of their services B. Expenditure incurred in connection with the renewal of a Trade Mark. C. Gratuities paid to Directors on termination of their services. D. Royalty paid in installments for the purchase of rights to manufacture and sell patient medicines....