Accounting - Study Mode

[#1731] Money embezzled by an employee of a trader is:
Correct Answer

(D) Revenue Loss

[#1732] When a company is not earning profits, then which of the following securities proves a burden on the finances of the company?
Correct Answer

(D) Debentures

[#1733] Receipts and payment account record receipt and payments of . . . . . . . .
Correct Answer

(C) both revenue and capital nature

[#1734] Which of the following errors is an error of omission?
Correct Answer

(C) The total of sales journal has not posted to the sales account

[#1735] Which of the following is not a long-term borrowing of a company?
Correct Answer

(C) Loans repayable on demand from banks