A. depreciation has been underestimated B. depreciation has been overestimated C. scrap value has not been estimated D. depreciation method…
A. current liabilities B. current assets C. long-term liabilities D. capital Correct Answer: Option A A. current liabilities
A. Monitor unit B. arithmetic and logic unit C. output unit D. input unit Correct Answer: Option B B. arithmetic…
A. Discounts received B. selling commission C. bad debts D. carriage outwards Correct Answer: Option A A. Discounts received
A. nominal account B. real account C. personal account D. private account Correct Answer: Option A A. nominal account
A. sales journal B. purchases journal C. returns inward book D. cash book Correct Answer: Option D D. cash book
A. sales journal B. journal proper C. purchases journal D. cash book Correct Answer: Option B B. journal proper
A. every debit entry must have a corresponding credit entry B. debtor must have a creditor C. double debit must…
A. cash and credit sales B. credit sales C. cash sales D. sales to middleman Correct Answer: Option A
A. cost price B. branch profit C. selling price D. branch expenses Correct Answer: Option A A. cost price