Which of the following is not depreciated?

✅ B. Purchase A/c

Option A : Purchase register Option B : Purchase A/c Option C : Cash purchase A/c Option D : Credit purchase A/c Correct Answer : Purchase A/c Read more

✅ C. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales

Option A : Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock Option B : Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock Option C : Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales Option D : Gross Profit “ Opening Stock + Direct expenses + Purchases +Closing stock… Read more

✅ B. At the time of closing the accounts

Option A : At the time of opening new books of account Option B : At the time of closing the accounts Option C : During the course of accounting period any time Option D : After certification of accounts Correct Answer : At the time of closing the accounts Read more

✅ B. All credit purchases of goods

Option A : All purchases of goods Option B : All credit purchases of goods Option C : All credit purchases Option D : None of these Correct Answer : All credit purchases of goods 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

✅ C. common size income statement

Option A : Balance sheet Option B : income statement Option C : common size income statement Option D : All of the Above Correct Answer : common size income statement Read more

✅ C. All such transactions for which no special journal has been kept by the business

Option A : Credit purchase of fixed assets Option B : Return of goods Option C : All such transactions for which no special journal has been kept by the business Option D : None of these Correct Answer : All such transactions for which no special journal has been kept by the business 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