Hamad Accounting Mcqs 17/12/2021 A. Machinery account B. Building account C. Creditors account D. Rent expenses account Related Mcqs: A brief explanation recorded below every entry in general journal is commonly known as__________?A. Narration B. Explanation C. Summary D. Other information... Identify the asset from the following:A. Cash and cash equivalent B. Creditors C. Notes payable D. Bank loan... The main objective of providing depreciation is to?A. Calculate the true profit B. Show the true financial position in the Balance Sheet C. Provide funds for replacement of fixed assets D. Both A. and B. above... Closing stock appearing in the Trial Balance is shown in:A. Trading A/c and Balance Sheet B. Profit and Loss A/c C. Balance Sheet only D. Trading A/c only... Negotiable Instrument Act was enacted in_________?A. 1981 B. 1881 C. 1871 D. 2001...
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