Q13.Arun is a Book-seller, which item will be goods for his business ? (1) Purchase of Fan (2) Purchase of Computer (3) Purchase of Stationery (4) Purchase of Furniture Answer Purchase of Stationery Related Questions on Theory Base of Accounting Q14.Current Assets is (1) Building (2) Land (3) Stock (4) Machinery Answer Stock Q15.Expense on … Read more
Q12.Under this method, only 1 account i.e. partner`s capital account is maintained. This method is : (1) Floating (2) .Normal (3) Fluctuating (4) Fixed Answer Fluctuating Related Questions on Theory Base of Accounting Q13.Arun is a Book-seller, which item will be goods for his business ? (1) Purchase of Fan (2) Purchase of Computer (3) … Read more
Q11.Capital Expense from (1) Decrease Liabilities (2) Decrease Asset (3) None of these (4) Increase Asset Answer Increase Asset Related Questions on Theory Base of Accounting Q12.Under this method, only 1 account i.e. partner`s capital account is maintained. This method is : (1) Floating (2) .Normal (3) Fluctuating (4) Fixed Answer Fluctuating Q13.Arun is a … Read more
Q10.Salary paid to partner should be: (1) Credited to his current account (2) Debited to his current account (3) None of these (4) Credited to profit & loss appropriation A/c Answer Credited to profit & loss appropriation A/c Related Questions on Theory Base of Accounting Q11.Capital Expense from (1) Decrease Liabilities (2) Decrease Asset (3) … Read more
Q9.Generally the duration of an Accounting period is of- (1) 3 months (2) 6 months (3) 1 month. (4) 12 months Answer 12 months Related Questions on Theory Base of Accounting Q10.Salary paid to partner should be: (1) Credited to his current account (2) Debited to his current account (3) None of these (4) Credited … Read more