Accounting - Study Mode
[#1476] Which one of the following depreciation methods is most suitable for a coal mine?
Correct Answer
(B) Depletion method
[#1477] A Cheque received and deposited in the bank on the same day is recorded in the . . . . . . . .
Correct Answer
(B) bank column of the cash book
[#1478] Receipts and payments Account is a summary of:
Correct Answer
(B) Cash Book
[#1479] In what order, the following assets are shown in the balance sheet of a company? i. Trade receivables ii. Cash iii. Furniture and fittings iv. Investment in shares and debentures
Correct Answer
(C) iii, iv, i, ii
[#1480] In the context of dissolution of a firm, which of the following statements is true:
Correct Answer
(A) Dissolution of a firm automatically result in dissolution of a partnership