Accounting - Study Mode
[#561] While discounting the bill, debit should be given to . . . . . . . .
Correct Answer
(A) bank account
[#562] Immediately after purchasing a new truck Rs. 1,000 is paid to have the name of the company and other advertising material painted on the truck this Rs. 1,000 is a:
Correct Answer
(C) Revenue expenditure
[#563] Right shares are issued to . . . . . . . .
Correct Answer
(C) existing share holders
[#564] Which of the following should not be considered as a part of purchase consideration?
Correct Answer
(C) Payment to debentureholders
[#565] Calls in advance is shown in the balance sheet as . . . . . . . .
Correct Answer
(A) current liabilities