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.Management Sciences
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
Related Mcqs:
- Credit memo or credit note No. is entered in which of the following journal?
- A. General journal B. Cash journal C. Purchase journal D. Sales return day book...
- The first step in accounting process is___________?
- A. Recording the transaction B. Identifying the transaction C. Posting the transaction D. Preparing the source documents...
- 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...
- Outstanding salaries is shown as___________?
- A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...
- Which of these is not an operating income?
- A. Income from sale of trading goods B. Bad debts recovered C. Interest on FDs D. None...
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