Search
.Management Sciences
A. Rs. 33,000
B. Rs. 25,000
C. Rs. 17,000
D. Rs. 8,000
Ref: Amount of cash received = total revenue increased – account receivable increased
= 25,000 – 8000 = 17,000.
Related Mcqs:
- Which of the following form of business organization is least regulated?
- A. Sole-proprietorship B. General Partnership C. Limited Partnership D. Corporation...
- Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?
- A. Income Statement B. Balance Sheet C. Cash Flow Statement D. Retained Earning Statement...
- Corporate governance encompasses the relationship among a company’s:
- A. Shareholders and board of director B. Board of directors and senior management C. Shareholders and senior management D. Shareholders, board of directors and senior management...
- On scrutiny of a firm‘s books of accounts, it was observed that the following errors have occurred in the previous years but have not yet been rectified.
- i. Depreciation for 2011-2012- 7,000 understated ii. Accrued expenses as at March 31, 2013 – 10,000 understated The impact of this on the reported net income for the year ending March 31, 2013 is A. 7,000 Overstated B. 10,000 Overstated C. 17,000 Understated D. 17,000 Overstated...
- The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
- A. The drawer of the bill B. The person responsible for dishonour C. The holder of the bill D. The endorser of the bill...
Recent Comments