Accounting - Study Mode
[#2496] The movement of securities from one stock exchange to another with the object of reaping a profit from the disparity in share prices is called
Correct Answer
(B) Arbitraging
[#2497] Trading account is prepared to find out:
Correct Answer
(A) gross profit or loss
[#2498] A sale of goods to Vaibhav Deep for cash should be debited to:
Correct Answer
(B) Cash A/C
[#2499] That part of the capital which will be called up only in the event of winding up of the company is called . . . . . . . . capital.
Correct Answer
(C) reserve
[#2500] Which of the following errors will cause the trial balance to be out of balance?
Correct Answer
(A) The total of the Purchase book is Rs. 1000 short