Provision is created for____________?

✅ A. Business entity concept

Option A : Business entity concept Option B : Money measurement concept Option C : Going concern concept Option D : Matching concept Read More Details about this Mcq Correct Answer : Business entity concept Read more

✅ D. Seller

Option A : Payee Option B : Payer Option C : Bank Option D : Seller Correct Answer : Seller Read more

✅ C. Accounts receivable

Option A : Cash Option B : Bank balance Option C : Accounts receivable Option D : Cash reserve Correct Answer : Accounts receivable Read more

✅ B. Putting the new asset in working condition

Option A : Expenses for day to day running of the business Option B : Putting the new asset in working condition Option C : Depreciation Option D : Purchase of raw material Correct Answer : Putting the new asset in working condition Read more

✅ C. Remitting or receiving the amount

Option A : Discounting of the bill with the bank Option B : Payment of the bill on due date Option C : Remitting or receiving the amount Option D : Sending the bill to bank for collection Read More Details about this Mcq Correct Answer : Remitting or receiving the amount Read more

✅ A. Triplicate

Option A : Triplicate Option B : Duplicate Option C : Single Option D : Quadruplicate Correct Answer : Triplicate Read more

✅ B. Loss of 22,000

Option A : Loss of 20,000 Option B : Loss of 22,000 Option C : Loss of 11,000 Option D : Profit of 11,000 Correct Answer : Loss of 22,000 Read more

✅ D. At the end of every accounting period

Option A : Every day Option B : Every half year Option C : Every year Option D : At the end of every accounting period Correct Answer : At the end of every accounting period Read more