Accounting - Study Mode
[#151] The book in which credit note voucher is used for accounting is
Correct Answer
(C) Sales return book
[#152] If sales are Rs. 6000, gross profit is $$frac{1}{3}$$ on cost, purchase are Rs. 4,900 and the closing stock is Rs. 900, the opening stock will be:
Correct Answer
(B) Rs. 500
[#153] Jaggi and Lau's Model is related to:
Correct Answer
(B) Human Resource Accounting
[#154] Under the depreciation method, assets are shown every year at
Correct Answer
(A) At original cost
[#155] How is the amount to be paid to the land owner determined?
Correct Answer
(D) Royalty or minimum rent, whichever is higher ⇔ Short working