Which of the following account is affected from the Drawings of cash in sole- proprietorship business?
All direct expenses are ___ to Trading account and all indirect expenses are debited to Profit and Loss account
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Creating Provision against fluctuation in the price of investment is an example of which accounting convention
Types of account shown in the balance sheet are
Rent receivable (given in trial balance) is an item of:
Which of the following is another of EBIT (earning before interest and taxes)?
_____ is the arrangement of various assets and liabilities in a particular order
Which of the following account is affected from the Drawings of cash in sole- proprietorship business?
Revenue expenditure is intended to benefit _________.
Any expenditure incurred in order to reduce the operating expenses is ________.
Wages paid for erection of machinery are debited to __________.
Amount paid for acquiring goodwill is __________.
The main purpose of this _______ accounting is to ascertain profit or loss during a specific period, to show financial position of the business.
Which of the following is false regarding capital expenditure
Which of the following are an example of Revenue Expenditure
(a) Preliminary expenses for floating a company
(b) Renewal expenses/fee of patent.
(c) Depreciation on fixed assets.
(d) Repair of machinery normal or due to negligence of operator
(e) Expenses for obtaining a license.
Options are as follows
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82 videos|161 docs|42 tests
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