Accounting - Study Mode
[#1406] Price earning ratio is more when:
Correct Answer
(C) Market value of share is more
[#1407] Single entry system is defective because under this system:
Correct Answer
(D) All these cannot be prepared
[#1408] Profit and loss account of business shows the:
Correct Answer
(A) Net profit earned
[#1409] Assets appearing in the book but having no value are known as:
Correct Answer
(D) Fictitious assets
[#1410] A cultural club discloses that subscriptions received during a particular accounting period as per receipts and payments account amount to Rs. 57,360. Subscription outstanding (opening and closing) was Rs. 4,800 and Rs. 6,000 respectively. Subscription received in advance (opening balance and closing balance) amounted to Rs. 3,600 and Rs. 2,160 respectively. The amount to be posted to income and expenditure account would be
Correct Answer
(C) Rs. 60,000