Accounting - Study Mode
[#2341] While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in . . . . . . . .
Correct Answer
(B) reserves
[#2342] A withdrawal of cash from business by the proprietor of the firm should be credited to:
Correct Answer
(B) Cash Account
[#2343] Which one of the following is an example of personal account?
Correct Answer
(A) Capital account
[#2344] The requirement of working capital depends on:
Correct Answer
(D) All the above A, B and C
[#2345] The meaning of net invested capital is
Correct Answer
(B) Total assets - Total Liabilities