Which of the following is not correct about Errors?

✅

Option A : Masoods account Option B : Cash account Option C : Cash account and Gagans account Option D : None of these Correct Answer : Masood™s account Read more

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Option A : 17,000 (overstated Option B : 12,000 (understated Option C : 7,000 (understated Option D : 7,000 (overstate Correct Answer : Read more

✅ E. above Read More About this Mcq

Option A : Debtors Account Option B : Profit and Loss Account Option C : Provision for Doubtful Debt Account Option D : Either (b )or Correct Answer : Either (b )or above Read more

✅ A. Acceptance

Option A : Acceptance Option B : Unconditional promise to pay Option C : Properly stamped Option D : Payment to be made legal currency Correct Answer : Acceptance Read more

✅ D. Financial position as on a particular date

Option A : Results of operations for a particular period Option B : Financial position during a particular period Option C : Profit earning capacity for a particular period Option D : Financial position as on a particular date Correct Answer : Financial position as on a particular date Read more

✅ D. Seller

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

✅ A. all indirect costs.

Option A : all indirect costs. Option B : all direct costs. Option C : indirect and direct costs. Option D : all specific costs Correct Answer : all indirect costs. Read more

✅ A. Financial results of the concern for a period

Option A : Financial results of the concern for a period Option B : Financial position of the concern on a particular date Option C : Financial results of the concern on a particular date Option D : Cost of goods sold during the period Read More Details about this Mcq Correct Answer : Financial results of the concern for… Read more