Accounting - Study Mode
[#326] Recording of decline in the value of patents, copyright and goodwill is called as
Correct Answer
(B) Amortisation
[#327] The portion of uncalled amount of capital that can be called up only on winding up of the company is known as
Correct Answer
(D) Reserve capital
[#328] Revenue is generally recognised being earned at the time when:
Correct Answer
(D) Goods are delivered
[#329] Which of the following items should be posted to Income and Expenditure account of a club?
Correct Answer
(D) All of the above
[#330] Which of the following is not fixed asset?
Correct Answer
(C) Cash