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.Management Sciences
A. 500 purchase of old equipment not recorded in the books of A/c at all
B. 500 being expense on travelling expense credited to travelling expenses
C. Both
D. None
Related Mcqs:
- Which of the following account with normal balance is shown at the credit side of a trial balance?
- A. Cash account B. Bank account C. Equipment account D. Accrued expenses account...
- The gross decrease in economic benefits for the business are what?
- A. Expenses B. Obligations C. Creditors D. Income or gain...
- Find out the value of assets if: Liabilities=$5000 and Capital=$1000
- A. $4000 B. $6000 C. $7000 D. $3000...
- The standard format of journal does not include which of the following?
- A. Assets column B. Date column C. Description column D. Amount column...
- The beginnings inventory of the current year is overstated by 5,000 and closing inventory is overstated by 12,000. These errors will cause the net income for the current year by
- A. 17,000 (overstated. B. 12,000 (understated. C. 7,000 (overstated. D. 7,000 (understated....
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