Negotiable Instrument Act was enacted in_________?

Related Mcqs:

Bookkeeping mainly concerns with which part of accounting process?

A. Analyzing B. Preparing financial statements C. Recording financial information D. Auditing the books of accounts...

Which of the following is true regarding closing entries?

A. They must be followed by reversing entries B. They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account C. They must be made after the reversing entries but before the adjusting entries D. They must be made after the adjusting entries but before the reversing entries...

Which of these types of expenditure would not be treated as a Capital Expenditure?

A. Acquisition of an Asset B. Extension of an Asset C. Improvement of the existing Asset D. Maintenance of the Asset...

Which of the following is not classified as inventory in the financial statements?

A. Finished goods B. Work-in-process C. Stores and spares D. Advance payments made to suppliers for raw materials...

Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:

A. Adding 2,200 to closing stock B. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales D. Deducting 1,800 from debtors...