Accounting - Study Mode
[#101] A club received Rs. 1,00,000 as a donation for the year 1998. The amount of donation received was Rs. 15,000 on 31 st December 1998 and Rs. 20,000 on 31 st December 1997. The amount of income as donation for year 1998 is-
Correct Answer
(D) Rs. 95,000
[#102] The 'y' axis in the break even chart represents
Correct Answer
(C) Cost and sales in rupees
[#103] Which of the following expenditure is of capital nature:
Correct Answer
(B) Payment of Underwriting Commission on issue of Shares
[#104] Current ratio is
Correct Answer
(A) Balance Sheet Ratio
[#105] Decrease in current liability indicates
Correct Answer
(B) Use of cash