Accounting - Study Mode
[#531] Which of the following is a revenue expenditure?
Correct Answer
(D) Legal expenses to defend a suit filed by the competitor
[#532] Opening Stock Rs. 15,000 Purchases Rs. 95,000 Closing Stock Rs. 29,000 Cash Received from Debtors Rs. 40,000 Gross profit on sales 10%. Amount of sales would be
Correct Answer
(D) Rs. 90,000
[#533] Bonus shares cannot be issued out of:
Correct Answer
(D) Dividend equalisation fund
[#534] A cash discount received is entered on the three column cash book on:
Correct Answer
(B) Credit side
[#535] Short term analysis of financial statements is mainly related to
Correct Answer
(A) Working capital analysis