Accounting - Study Mode
[#851] Which of the following have contra entries?
Correct Answer
(C) Three column cash book
[#852] If the goodwill A/c is raised at the time of retirement of a partner and is to be written off, then the capital accounts of the remaining partners are debited in
Correct Answer
(C) old profit sharing ratio
[#853] Human Resource Accounting is the measurement and reporting . . . . . . . . and . . . . . . . . of people in organisational resources.
Correct Answer
(B) cost, value
[#854] X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share was paid. If out of these, 8 shares were reissued to Hari as fully paid on payment of Rs. 5.50 per share what would be the amount to the credit of share forfeited A/c:
Correct Answer
(B) Rs. 72
[#855] The accounting concept that is used to prepare the Profit and Loss Account is known as:
Correct Answer
(C) Matching