Accounting - Study Mode

[#231] Which of the following result in reduction of capital?
Correct Answer

(D) All of these

[#232] Goods worth Rs. 200 returned by Mohan were taken into stock, but no entry was passed, is an error of . . . . . . . .
Correct Answer

(C) Omission

[#233] Which of the following amounts shall be credited to Investor Education and Protection Fund, if they remain unpaid/unclaimed for seven years from the date they become due?
Correct Answer

(A) Matured debentures of a company

[#234] Provision for bad debts is calculated on . . . . . . . .
Correct Answer

(D) Debtors

[#235] Payment of compensation to a worker, who has been discharged from service, is a:
Correct Answer

(B) Revenue expenditure