The closing balance of a petty cash book is a / an___________?

Related Mcqs:

________ is a separate legal entity that Total capital can be divided in many shares.

A. Partnership B. Sole proprietorship C. Company D. Non-profit organization...

Which of the following is the practical implementation of the accounting equation?

A. Cash flow statement B. Income statement C. Statement of changes in equity D. Statement of financial position...

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...

Which of the following is not a contingent liability?

A. Debts included in Sundry Debtors which are doubtful in nature B. Uncalled liability on partly paid shares C. Claims against the company not acknowledged as debts D. Arrears of fixed cumulative dividend...

A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be

A. 37.50 B. 38.25 C. 24.00 D. 35.00...