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.Management Sciences
A. Assets side
B. Liability side
C. Profit & Loss A/c
D. Debited to Capital A/c
Related Mcqs:
- Sales on credit is recorded in which of the following journal?
- A. Purchase journal B. Sales journal C. Purchases return journal D. Sales return journal...
- _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
- A. Depreciation B. Drawings C. Outflow of cash D. Appreciation...
- For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows:
- March 31,2010 – ` 56,000 March 31, 2011 – ` 51,000 March 31, 2012 – ` 64,000 The entry on March 31, 2012 to rectify these omissions would include a A. Credit to wage expense for ` 64,000 B. Debit to wage expense for ` 64,000 C. Debit to wage expense for ` 51,000 D. … For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The...
- Which of the following error is an error of principle
- A. 5,000 received from Sham credited to Ram A/c B. 5,000 incurred on installation of new plant debited to travelling expenses A/c C. 500 paid for wages debited to salary A/c D. 500 being purchase of raw material debited to purchase A/c ` 50...
- Depreciation is a process of____________?
- A. Valuation B. Valuation and allocation C. Allocation D. Appropriation...
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