A. cost accounting B. bookkeeping C. incomplete records D. double entry Correct Answer: Option C C. incomplete records
A. included in the income and expenditure account B. not included in the receipts and payment account C. shown as…
A. income and expenditure accounts B. cash book C. subscriptions account D. profit and loss account Correct Answer: Option B…
A. capital account B. sales accounts C. loan account D. drawings account Correct Answer: Option B B. sales accounts
A. added to the balance as per bank statement B. deduced from the balance as per bank statement C. added…
A. adjustment account B. suspense account C. imprest account D. appropriation account Correct Answer: Option B B. suspense account
A. difference between debtors and creditors B. total sales C. total purchases D. total debtors Correct Answer: Option D D.…
A. Net profit B. gross profit C. net sales D. gross sales Correct Answer: Option A A. Net profit
A. transposition B. compensation C. omission D. commission Correct Answer: Option A A. transposition
A. opening stock B. closing stock C. capital D. rent paid Correct Answer: Option B B. closing stock