Depreciation Account appearing in the Trial Balance is shown in:

Related Mcqs:

An asset posses which of the following?

A. Future economic benefits for the business B. All kind of benefits for the business C. Expenses for the business D. Merits and Demerits for the business...

Which of the following accounting equation is correct?

A. Cash+Other assets=Capital-Liabilities B. Capital+ Liabilities=Assets+Income C. Assets-Liabilities=Capital D. Assets+Capital=Liabilities...

During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true?

A. The cost of goods sold was overstated during 2011-2012 and income will be understated during 2012-2013 B. The income was overstated during 2011-12 and closing inventory will be overstated during 2012-2013 C. The retained earnings was overstated during 2011-2012 and retained earnings will be understated during 2012-2013 D. The cost of goods sold was … During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true?Read More...

The Bank Reconciliation Statement is prepared?

A. To rectify the mistakes in the Cash Book B. To arrive at the Bank Balance C. To arrive at the Cash Balance D. To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement...

Carriage on goods purchased is shown in:___________?

A. Profit and Loss A/c B. Capitalized with work in progress C. Trading A/c D. Shown in Balance Sheet...