An average cost is also known as________?

✅ A. Current assets and current liabilities

Option A : Current assets and current liabilities Option B : Profit and loss A/C and Balance sheet Option C : Current assets and non-current liabilities Option D : Current liabilities and non-current liabilities Correct Answer : Current assets and current liabilities Read more

✅ A. 5,80,000

Option A : 5,80,000 Option B : 5,50,000 Option C : 5,00,000 Option D : 5,75,000 Read More Details about this Mcq Correct Answer : 5,80,000 Read more

✅ A. Debts included in Sundry Debtors which are doubtful in nature

Option A : Debts included in Sundry Debtors which are doubtful in nature Option B : Uncalled liability on partly paid shares Option C : Claims against the company not acknowledged as debts Option D : Arrears of fixed cumulative dividend Read More Details about this Mcq Correct Answer : Debts included in Sundry Debtors which are doubtful in nature Read more

✅ A. Credited to P&L A/c

Option A : Credited to P&L A/c Option B : Debited to P&L A/c Option C : Reduced from debtors in Balance Sheet Option D : Added to debtors in Balance Sheet Read More Details about this Mcq Correct Answer : Credited to P&L A/c Read more

✅ C. Outstanding checks

Option A : Uncollected checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Outstanding checks Read more

✅ A. Depreciation

Option A : Depreciation Option B : Physical deterioration of the asset Option C : Decrease in market value of the asset Option D : Valuation of an asset at a point of time Correct Answer : Depreciation Read more

✅ C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales

Option A : Adding 2,200 to closing stock Option B : Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales Option C : Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales Option D : Deducting 1,800 from debtors Correct Answer : Adding 1,800 to closing stock and deducting 2,200 each from… Read more

✅ C. Outstanding checks

Option A : Uncollected checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Read More Details about this Mcq Correct Answer : Outstanding checks Read more