Accounting - Study Mode
[#1851] Which of the following statements is true:
Correct Answer
(C) Every debit has a corresponding credit
[#1852] Assests in the Balance Sheet of a company are arranged in the order of
Correct Answer
(B) Permanence
[#1853] How many columns are there in trial balance?
Correct Answer
(C) 4
[#1854] Cost of Depreciation fund is
Correct Answer
(A) Explicit cost
[#1855] A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit X as a partner for $$frac{1}{3}$$ share in profits of the firm. The new profit sharing ratio of A, B and X is
Correct Answer
(A) 3 : 2 : 1