Accounting - Study Mode
[#1786] The discount on issue of debentures is written off
Correct Answer
(D) in no case later than the date of redemption
[#1787] The present value of the future contributions of employees is one of the methods of
Correct Answer
(C) social accounting
[#1788] Match the following List I List II a. Capital is the difference between 1. Cost of goods sold from sales b. Gross profit is ascertained by deducting 2. To find out cost of production c. Wages paid for erecting machines are 3. Assets and liabilities d. The manufacturing account is prepared 4. Debited to machinery account
Correct Answer
(B) a-4, b-3, c-1, d-2
[#1789] Trade mark, goodwill and building are shown under which head in company's balance sheet?
Correct Answer
(A) Fixed asset
[#1790] Opening stock Rs. 2,000 Closing stock Rs. 3,000 Purchases Rs. 31,000 Debentures (representing 1 / 3 of owner's capital) Rs. 5,000 Sales Rs. 50,000 Capital turnover ratio will be:
Correct Answer
(D) 333.33%