Accounting - Study Mode

[#1546] Use of subsidiary books can be made by:
Correct Answer

(D) All of these

[#1547] Double entry principle means:
Correct Answer

(A) Having debit for every credit and similarly credit for each debit

[#1548] Minimum number of members in case of public company is
Correct Answer

(A) 7

[#1549] In Internal reconstruction
Correct Answer

(A) No company is dissolved

[#1550] While preparing a Fund Flow Statements the provision for taxation should be taken as:
Correct Answer

(C) As a current liability or an appropriation of profit