Accounting - Study Mode
[#921] The difference between gross dividend receivable and dividend received is debited to . . . . . . . .
Correct Answer
(B) tax deducted at source
[#922] Financial statement in relation to a company includes:
Correct Answer
(D) All of these
[#923] In case of accommodation bills, if one party becomes insolvent then that party credits the short remittance to:
Correct Answer
(A) deficiency account
[#924] Land was reported at its selling price which is substantially higher than its cost. The increase in value was included in the income statement, which accounting principle is violated?
Correct Answer
(B) Going concern concept
[#925] Accounting principles represent:
Correct Answer
(A) a consensus at a particular time to the recording of accounting transactions