Accounting - Study Mode
[#1016] Sale of old newspaper is to be shown on the credit side of the . . . . . . . .
Correct Answer
(B) income and expenditure
[#1017] Which of the following are not current liabilities?
Correct Answer
(B) Redeemable debentures
[#1018] Book-keeping is mainly concerned with:
Correct Answer
(A) recording of financial data relating to business operations
[#1019] Which of the following accounts may have a debit or credit balance?
Correct Answer
(D) Loan account
[#1020] Income and expenditure account records transaction of . . . . . . . .
Correct Answer
(A) revenue nature only