Accounting - Study Mode
[#1986] Purchase journal is kept to record . . . . . . . .
Correct Answer
(C) credit sales of goods
[#1987] Profit on sale of sinking fund investment is credited to . . . . . . . .
Correct Answer
(C) sinking fund
[#1988] Amount paid for acquiring goodwill is . . . . . . . .
Correct Answer
(C) capital expenditure
[#1989] Any donation received for a specific purpose is a . . . . . . . .
Correct Answer
(D) capital receipts
[#1990] A limited liability company forfeited 30 shares of Rs. 10 each (fully called-up) for non payment of allotment amount of Rs. 3 per share and call amount of Rs. 4 per share. These shares were re-issued at Rs. 8 per share. In such situation amount transferred to capital reserve will be
Correct Answer
(C) Rs. 30