Accounting - Study Mode
[#2191] A cricket club has 50 members and each member pays Rs. 200 as monthly subscription 5 members paid advance subscription for the financial year 1994-95 and 10 members failed to pay subscription for the year 1993-94. The amount to be credited as subscription to income and expenditure account would be:
Correct Answer
(B) Rs. 10,000
[#2192] Sales to Mr. Gill recorded in purchase journal would affect . . . . . . . .
Correct Answer
(B) Sales account, purchases account and Mr. Gill's account
[#2193] When A advances money to B in the course of joint venture then A debits such money to . . . . . . . .
Correct Answer
(B) Joint venture account
[#2194] Salary account is of the nature of a:
Correct Answer
(B) nominal account
[#2195] Expenses incurred on research and development is an example of:
Correct Answer
(C) Deferred revenue expenditure