Office equipments account is classified as _________ account?

Related Mcqs:

Auditing is what?

A. Reporting the financial information B. Examination of financial statements C. Preparation financial statements D. maintaining the ledger records...

Payment of expenses will ______ the assets

A. Increase B. Reduce C. apportion D. Overstate...

Debit side of Bank Pass book corresponds to___________?

A. Credit side of Cash Book B. Debit side of Cash Book C. Debit side of Trial Balance D. Credit side of Balance Sheet...

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...

Under which of the following situations, is journal entry not passed in the books of the drawer?

A. When a discounted bill is honoured by the drawee on the due date B. When a bill is sent to the bank for collection C. When a bill is renewed at the request of the drawee D. When a debtor accepts a bill drawn by the drawer...