A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case

✅ D. Directors remuneration Read More Details about this Mcq

Option A : Loss on sale of undertaking Option B : Debts considered bad and written off Option C : Liability arising from a breach of contract Option D : Directors remuneration Read More Details about this Mcq Correct Answer : Directors remuneration Read more

✅ A. Postage stamps

Option A : Postage stamps Option B : B/R Option C : Cheque Deposited with Bank Option D : B/R endorsed Correct Answer : Postage stamps Read more

✅ C. 10,000 units

Option A : 8,000 units Option B : 11,000 units Option C : 10,000 units Option D : 9,000 units Correct Answer : 10,000 units Read more

✅ D. Both and B.

Option A : Cheque issued but not presented Option B : Cheque issued but dishonoured Option C : Cheque deposited and credited by bank Option D : Both and B. Correct Answer : Both and B. Read more

✅ A. Drawings

Option A : Drawings Option B : Bad debts Option C : Accrued expenses Option D : Reserve for discount on Sundry Creditors Read More Details about this Mcq Correct Answer : Drawings Read more

✅ C. Sales tax paid in connection with the purchase of office equipment

Option A : Interest on loans and debentures Option B : Annual fire insurance premiums on Plant and Equipment Option C : Sales tax paid in connection with the purchase of office equipment Option D : Small expenditures on long- lived assets, such as ` 20 for a paper weight. Correct Answer : Sales tax paid in connection with the… Read more

✅ C. Balance Sheet only

Option A : Trading A/c and Balance Sheet Option B : Profit and Loss A/c Option C : Balance Sheet only Option D : Trading A/c only Correct Answer : Balance Sheet only Read more

✅ D. Petty cash book

Option A : Simple cash book Option B : Two column cash book Option C : Three column cash book Option D : Petty cash book Correct Answer : Petty cash book Read more