The other name of journal is____________?

Related Mcqs:

Identify the correct sequence of accounting process

A. Communicating→Recording→Identifying B. Recording→Communicating→Identifying C. Identifying→communicating→recording D. Identifying→recording→communicating...

Closing stock is generally valued at______________?

A. Cost Price B. Market Price C. Cost price or Market price whichever is higher D. Cost price or Market price whichever is lower...

Cash received from debtors would be deemed as___________of funds.

A. No flow B. Sources C. Uses D. Gain...

The creation of provision for doubtful debts given as an adjustment requires____________?

A. Debit Profit and Loss Account and deduct the provision from debtors B. Credit Profit & Loss Account and deduct the provision from debtors C. Credit Profit and Loss Account and add the provision to debtors D. Debit Profit & Loss Account and add the provision to debtors...

Which of the following are current assets of a business?

i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income A. Both (i) and (iv) above B. Both (ii) and (iii) above C. (i),(ii) and (iii) above D. (ii),(iii),(iv) and (v) above...