A check returned by bank marked œNSF means that:

✅ A. 0.65

Option A : 0.65 Option B : 0.35 Option C : 1.5 Option D : 5.29 Correct Answer : 0.65 Read more

✅ C. Commercial cost

Option A : Direct cost Option B : Variable cost Option C : Commercial cost Option D : Conversion cost Correct Answer : Commercial cost Read more

✅ D. Capital receipts

Option A : Liability Option B : Assets Option C : Revenue receipts Option D : Capital receipts Correct Answer : Capital receipts Read more

✅ A. 20,000 Loss

Option A : 20,000 Loss Option B : 20,000 Profit Option C : 10,000 Loss Option D : 10,000 Profit Correct Answer : 20,000 Loss Read more

✅ A. The rate at which the asset is written off reduces year after year

Option A : The rate at which the asset is written off reduces year after year Option B : The amount of depreciation provided reduces from year to year Option C : The rate of depreciation as well as the amount of depreciation reduce year after year Option D : The value of the asset gets reduced to zero over… Read more

✅ A. Balance Sheet

Option A : Balance Sheet Option B : Profit and Loss A/c Option C : Trading A/c Option D : None of these Correct Answer : Balance Sheet Read more

✅ D. Closing stock

Option A : Sales Option B : Purchases Option C : Inward returns Option D : Closing stock Correct Answer : Closing stock Read more

✅ B. $500 will be credited

Option A : $500 will be debited Option B : $500 will be credited Option C : Non-adjustable Option D : $1000 will be subtracted Correct Answer : $500 will be credited Read more