Q28.Debit word is (1) Latin Language (2) French Language (3) English Language (4) Hindi Language Answer Latin Language Related Questions on Theory Base of Accounting Q29.What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each … Read more
Q27.Which of the following account will be credited when interest on capital is charged against the distribution of profit? (1) Partner`s capital account (2) Interest account (3) Profit & loss appropriation account (4) Profit & loss account Answer Partner`s capital account Related Questions on Theory Base of Accounting Q28.Debit word is (1) Latin Language (2) … Read more
Q26.Formula of Liquid Assets (1) Current Assets – Current Liabilities (2) Current Assets – Stock + Prepaid Expense (3) None of these (4) Current Assets + Stock + Prepaid Expense Answer Current Assets – Stock + Prepaid Expense Related Questions on Theory Base of Accounting Q27.Which of the following account will be credited when interest … Read more
Q25.Non-current Assets is (1) Stock (2) Building (3) Prepaid Expense (4) Debtors Answer Building Related Questions on Theory Base of Accounting Q26.Formula of Liquid Assets (1) Current Assets – Current Liabilities (2) Current Assets – Stock + Prepaid Expense (3) None of these (4) Current Assets + Stock + Prepaid Expense Answer Current Assets – … Read more
Q24.Interest A/c is (1) Real A/c (2) Nominal A/c (3) None of these (4) Personal A/c Answer Nominal A/c Related Questions on Theory Base of Accounting Q25.Non-current Assets is (1) Stock (2) Building (3) Prepaid Expense (4) Debtors Answer Building Q26.Formula of Liquid Assets (1) Current Assets – Current Liabilities (2) Current Assets – Stock … Read more