Accounting - Study Mode
[#301] Posting of a transaction means - That transaction is
Correct Answer
(D) Written on appropriate side of two accounts
[#302] X and Y made a profit of Rs. 5,000 and invested Rs. 25,000 as capital in the firm. The expected average rate of return on capital is 15%. If it is valued at three year purchase then amount of goodwill will be
Correct Answer
(B) Rs. 3,750
[#303] Grouping of similar items and transferring those to the respective accounts is known as:
Correct Answer
(C) Posting
[#304] Which of the following transactions involving the issuance of shares does not come within the definition of a 'share based payment' under Ind AS-102?
Correct Answer
(C) Share based payment relating to an acquisition of a subsidiary
[#305] "Goods cost in transit" is an overhead of
Correct Answer
(D) Delivery