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.Management Sciences
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. Debit to wage expense for ` 13,000
Related Mcqs:
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- A. Specialized journal B. Day book C. Cash book D. Record book...
- Every business transaction affects at least ________ accounts?
- A. One B. Two C. Three D. Infinite...
- Which of the following errors affects the agreement of a Trial Balance?
- A. Mistake in balancing an account B. Omitting to record a transaction entirely in the subsidiary books C. Recording of a wrong entry in the subsidiary books D. Posting an entry on the correct side but in the wrong account...
- In a three column cash book_______________does not exist?
- A. Cash column B. Bank column C. Petty cash column D. Discount column...
- The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?
- A. Depreciation B. Physical deterioration of the asset C. Decrease in market value of the asset D. Valuation of an asset at a point of time...
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