Accounting - Study Mode
[#2156] Income and expenditure matches all . . . . . . . . receipts against . . . . . . . . payments pertaining to the relevant accounting years.
Correct Answer
(A) revenue, revenue
[#2157] If trial a balance does not tally inspite of thorough scrutiny and the difference is substantial, then which one of the following courses would be accountant adopt?
Correct Answer
(B) Open suspense A/C
[#2158] A return Inwards book is kept to record:
Correct Answer
(A) return of goods sold
[#2159] Underwriting commission is due on which basis?
Correct Answer
(A) On issue price of shares
[#2160] The cost of taking 'license' to run cinema is
Correct Answer
(B) Capital