Accounting - Study Mode

[#1616] Goods of the value of Rs. 1500 taken by the proprietor for his personal use should be debited to:
Correct Answer

(A) drawing account

[#1617] Audit of partnership firm's accounts is prescribed by:
Correct Answer

(D) None of the above (A), (B) and (C)

[#1618] Which of the following is freely transferable:
Correct Answer

(A) Share Warrant

[#1619] Accounting Standard-3 is in respect of:
Correct Answer

(B) Cash Flow Statement

[#1620] In which of the following methods, the asset account is shown at its original cost throughout its life?
Correct Answer

(B) Depreciation Fund Method