Accounting - Study Mode
[#1701] Method/methods of accounting for amalgamation
Correct Answer
(C) Both A and B
[#1702] Which one of the following does not form part of the managerial skills:
Correct Answer
(C) Entrepreneurial skills
[#1703] The Double Entry System of accounting originated in:
Correct Answer
(C) Italy
[#1704] If the cost of goods sold is Rs. 1,20,000 and gross loss is $${frac{1}{4}^{{ ext{th}}}}$$ of the selling price, then the selling price would be or If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?
Correct Answer
(B) Rs. 96,000
[#1705] When there is change in the value of rupee, it is said to be change in
Correct Answer
(B) general price level