The standard format of journal does not include which of the following?

Related Mcqs:

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

A. Error of omission B. Error of commission C. Compensating error D. Error of principle...

Specialized journals are more adequate for which TYPE OF BUSINESSES?

A. Small businesses B. Big businesses C. Sole proprietorship D. Partnership...

Discount allowed is___________?

A. Expense of business B. Income of business C. Loss of business D. Abnormal loss of business...

Capital expenditure is an expenditure which

A. Benefits the current accounting period B. Will benefit the next accounting period C. Results in the acquisition of a permanent asset D. Results in the acquisition of a current asset...

Which of the following error is an error of principle

A. 5,000 received from Sham credited to Ram A/c B. 5,000 incurred on installation of new plant debited to travelling expenses A/c C. 500 paid for wages debited to salary A/c D. 500 being purchase of raw material debited to purchase A/c ` 50...