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.Management Sciences
A. Balance Sheet
B. Profit and Loss A/c
C. Trading A/c
D. None of these
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...
- What is the basic accounting equation?
- A. Capital+Liabilities=Assets B. Assets+ liabilities =Capital C. Capital+assets=liabilities D. Liabilities+Capital...
- Current assets – Current liabilities=?
- A. Capital B. Absorbed capital C. Net assets D. Net working capital...
- The adjustment to be made for income received in advance is:
- A. Add income received in advance to respective income and show it as a liability B. Deduct income received in advance from respective income and show it as a liability C. Add income received in advance to respective income and show it as asset D. Deduct income received in advance from respective income and show … The adjustment to be made for income received in advance is:Read More...
- Which of the following is not a feature of a promissory note?
- A. It must be in writing B. It contains an unconditional promise to pay C. It is payable to the bearer D. It must be signed by the maker...
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