Postage stamps on hand are considered as_________?

✅ C. Building A/c

Option A : Salary A/c Option B : Bank A/c Option C : Building A/c Option D : Goodwill A/c Correct Answer : Building A/c Read more

✅ B. P&L A/C is debited with 1,200

Option A : P&L A/C is debited with 1,400 Option B : P&L A/C is debited with 1,200 Option C : 200 is shown as current asset Option D : Both Correct Answer : Both and above Read more

✅ D. Capital Reserve A/c

Option A : General Reserve A/c Option B : Profit & Loss A/c Option C : Asset A/c Option D : Capital Reserve A/c Correct Answer : Capital Reserve A/c 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. 4th July,2018

Option A : 30th June,2018 Option B : 1st July,2018 Option C : 4th July,2018 Option D : 4th August,2018 Read More Details about this Mcq Correct Answer : 4th July,2018 Read more

✅ A. sale is effected

Option A : sale is effected Option B : cash is received Option C : production is completed Option D : debts are collected Correct Answer : sale is effected Read more

✅ B. Bank overdraft

Option A : Surplus cash Option B : Bank overdraft Option C : Terms deposits with bank Option D : None of these Correct Answer : Bank overdraft Read more

✅ B. 500 being expense on travelling expense credited to travelling expenses

Option A : 500 purchase of old equipment not recorded in the books of A/c at all Option B : 500 being expense on travelling expense credited to travelling expenses Option C : Both Option D : None Correct Answer : 500 being expense on travelling expense credited to travelling expenses Read more