A. cash B. discount received C. purchases D. returns outeards E. bills payable Correct Answer: Option C - purchases
A. share certificate B. preference certificate C. debenture certificate D. allotment certificate E. call certificate Correct Answer: Option C -…
A. reserved expenditure warrant B. provisional general warrant C. contingencies warrant D. supplementary general warrant E. virement warrant Correct Answer:…
A. supplementary general warrant B. provisional general warrant C. reserved expenditure warrant D. virement warrant E. supplementary statutory expenditure warrant…
A. uncalled capital B. paid-up capital C. issued capital D. authorized capital E. unissued capital Correct Answer: Option E -…
A. debited to cash account and credit to asset account B. credited to cash account and debited to asset account…
A. ordinary dividend B. general reserve C. preference dividend D. debenture interest E. revenue reserve Correct Answer: Option A -…
A. real and cash accounts B. capital and nominal accounts C. real and normal accounts D. investment and real accounts…
A. dividend received on behalf of customers B. bank charges C. insurance premium paid on behalf of customers D. dishonoured…
A. credit side of sales ledger balances B. debit side of bought ledger balances C. credit side of bought ledger…