Accounting - Study Mode
[#1426] 'Double entry system' refers to-
Correct Answer
(A) Every business transaction has two aspects
[#1427] Goodwill in a partnership firm can be valued at the time of
Correct Answer
(D) All of these
[#1428] Which one of the following concept is used as fund in the preparation of Funds Flow Statement?
Correct Answer
(B) Working Capital
[#1429] The effect of surrender of shares is the same as of shares:
Correct Answer
(D) None of these
[#1430] Calculate the interest on drawings assuming the rate @ 10% p.a for the year ended 31 st December 2016, for the withdrawals of Rs. 2000 made at the beginning of each month
Correct Answer
(C) Rs. 1,300