Which of the following is not classified as inventory in the financial statements?

✅ D. To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement

Option A : To rectify the mistakes in the Cash Book Option B : To arrive at the Bank Balance Option C : To arrive at the Cash Balance Option D : To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement Correct Answer : To bring out… Read more

✅ B. Debit balance of cash book

Option A : Credit balance of cash book Option B : Debit balance of cash book Option C : Bank overdraft Option D : Adjusted balance of cash book Correct Answer : Debit balance of cash book Read more

✅

Option A : Current assets Option B : Intangible assets Option C : Deferred revenue expenditure Option D : Not an asset Read More Details about this Mcq Correct Answer : Not an asset Read more

✅ 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

✅ A. Mistake in Cash Book

Option A : Mistake in Cash Book Option B : Mistake in Pass Book Option C : Cheque issued but not presented for payment Option D : Cheques deposited but not cleared Correct Answer : Mistake in Cash Book Read more

✅ B. T

Option A : I Option B : T Option C : H Option D : None Correct Answer : T Read more

✅ D. Trading and Profit and Loss A/c

Option A : Balance Sheet Option B : Profit and Loss appropriation A/c Option C : Manufacturing A/c Option D : Trading and Profit and Loss A/c Correct Answer : Trading and Profit and Loss A/c Read more

✅ A. Assets

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