The closing balance of petty cash book is considered as_________?

✅ D. Postage & Stamps

Option A : Opening Stock Option B : Carriage inward Option C : Wages & Salary Option D : Postage & Stamps Correct Answer : Postage & Stamps 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

✅ D. Capital receipts

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

✅ C. Notes on account to Balance Sheet

Option A : Balance Sheet Option B : Directors report Option C : Notes on account to Balance Sheet Option D : Chairmans report Correct Answer : Notes on account to Balance Sheet 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

✅ A. 4/4/2013

Option A : 4/4/2013 Option B : 3/4/2013 Option C : 1/4/2013 Option D : 31-3-2013 Correct Answer : 4/4/2013 Read more

✅ A. Assets

Option A : Assets Option B : Expenditure Option C : Liability Option D : None Correct Answer : Assets Read more

✅ B. Unit cost

Option A : Variable cost Option B : Unit cost Option C : Total cost Option D : Fixed cost Correct Answer : Unit cost Read more