A. a trial balance is an account having debit and credit sides B. expenses, losses and assets have debit balances…
A. internal use only B. external use only C. business use only D. internal and external use Correct Answer: Option…
A. opening stock B. closing stock C. discounts allowed D. discounts received Correct Answer: Option B B. closing stock
A. insurance B. carriage inwards C. purchases of raw materials D. royalty Correct Answer: Option D D. royalty
A. overhead B. material cost C. fixed cost D. administration cost Correct Answer: Option A A. overhead
A. trading B. production C. factory overhead D. raw materials Correct Answer: Option B B. production
A. constitution B. financial regulation C. budget D. memorandum Correct Answer: Option D D. memorandum
A. bank account B. cash account C. sales account D. stock account Correct Answer: Option C C. sales account
A. purchases ledger B. sales ledger C. general ledger D. sales day book Correct Answer: Option A A. purchases ledger
A. diskette B. keyboard C. printer D. monitor Correct Answer: Option A A. diskette Explanation A floppy disk, also known…