Accounting - Study Mode
[#1791] Share Allotment Account is a
Correct Answer
(A) Personal Account
[#1792] Incomplete method of accounting cannot be used by which of the following?
Correct Answer
(C) Public limited company
[#1793] Which of the following is not an accounting concept?
Correct Answer
(C) True and Fair Concepts
[#1794] The following accounting information is given by a company Total assets turnover 3 times the net profit margin: 10% Total assets: Rs. 1,00,000. The net profit is
Correct Answer
(D) Rs. 30,000
[#1795] Which of the following transactions would affect the current ratio:
Correct Answer
(B) selling the old machine for cash