Accounting - Study Mode
[#191] Journal Proper is meant for recording . . . . . . . .
Correct Answer
(C) all such transactions for which no special journal has been kept by the business
[#192] The payment side of the cash book is undercast by Rs. 200. When overdraft as per pass book is the starting point, to get the overdraft as per cash book . . . . . . . .
Correct Answer
(A) Rs. 200 will be deducted
[#193] Wages paid to workers must be debited to . . . . . . . . account.
Correct Answer
(A) Wages
[#194] The convention of conservatism will have the effect of:
Correct Answer
(B) Under statement of assets
[#195] Interest on debenture is . . . . . . . .
Correct Answer
(B) a charge against profit