Credit balance as per Cash Book mean____________?

Related Mcqs:

Which of the following is the internal user of financial statements?

A. Creditor of the business B. Government agency C. Shareholder of the business D. Manager of the business...

Net income equal to Revenues minus____________?

A. Gains B. Depreciation C. Expenses D. Capital expenditures...

Which of these items are taken into consideration for preparation of adjusted Cash Book

A. Mistake in Cash Book B. Mistake in Pass Book C. Cheque issued but not presented for payment D. Cheques deposited but not cleared...

Which of the following statements best describes the purpose of depreciation?

A. Regular reduction of asset value to correspond to changes in market value as the asset ages B. A process of correlating the market value of an asset with its gradual decline in physical efficiency C. Allocation of cost in a manner that will ensure that Plant and Equipment items are not carried on the … Which of the following statements best describes the purpose of depreciation?Read More...

Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.

A. 2,40,000 B. 2,10,000 C. 2,00,000 D. 1,80,000...