Which of the following is not a deferred revenue expenditure?

✅ A. Debited to P&L A/c

Option A : Debited to P&L A/c Option B : Shown as liability in Balance Sheet Option C : Reduced from related asset in Balance Sheet Option D : Both and Correct Answer : Debited to P&L A/c Read more

✅ C. It is payable to the bearer

Option A : It must be in writing Option B : It contains an unconditional promise to pay Option C : It is payable to the bearer Option D : It must be signed by the maker Read More Details about this Mcq Correct Answer : It is payable to the bearer Read more

✅ C. Cash column

Option A : Bank column Option B : Discount column Option C : Cash column Option D : None Correct Answer : Cash column Read more

✅ B. Contra entry

Option A : Cash entry Option B : Contra entry Option C : Payment entry Option D : Compound entry Correct Answer : Contra entry Read more

✅ A. Asset side

Option A : Asset side Option B : Liability side Option C : Netted from Capital Option D : Profit & Loss A/c Correct Answer : Asset side Read more

✅ C. 60,000

Option A : 50,000 Option B : 55,000 Option C : 60,000 Option D : 65,000 Correct Answer : 60,000 Read more

✅ A. Cash book

Option A : Cash book Option B : Trial balance Option C : Auditors report Option D : None of these Correct Answer : Cash book Read more

✅ C. Installation charges paid in conjunction with the purchase of Office Equipment

Option A : Research and development costs during the year Option B : Interest on borrowed fund utilized for acquisition of Office Furniture Option C : Installation charges paid in conjunction with the purchase of Office Equipment Option D : Monthly rent of a machinery used in the business Correct Answer : Installation charges paid in conjunction with the purchase… Read more