Accounting - Study Mode
[#1511] Income and expenditure account is prepared by . . . . . . . . concerns.
Correct Answer
(A) non-trading
[#1512] In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as . . . . . . . .
Correct Answer
(D) capital reserve
[#1513] Prepaid insurance is:
Correct Answer
(B) Personal account
[#1514] The balance of the petty cash book is . . . . . . . .
Correct Answer
(A) an asset
[#1515] Which English alphabet is similar to the shape of an account?
Correct Answer
(B) T