Accounting - Study Mode
[#2911] Revenue receipts are . . . . . . . . in the business.
Correct Answer
(B) Recurring
[#2912] The written down value of a plant is 6,000 (the original value being Rs. 10,000). It is sold for Rs. 12,000 during the current financial year. Which one of the following is true in this regard?
Correct Answer
(A) Capital profit = Rs. 6,000
[#2913] A company pays dividend out of:
Correct Answer
(D) All of these
[#2914] The income and expenditure account is prepared on the basis of . . . . . . . . system of accounting.
Correct Answer
(A) Basic
[#2915] Jay account is:
Correct Answer
(A) a nominal account