Accounting - Study Mode
[#366] Arrange the following in chronological order about assets as per liquidity order. 1. Debtors 2. Building 3. Cash 4. Stock
Correct Answer
(B) 3, 4, 1, 2
[#367] Which of the following accounting equation is not correct?
Correct Answer
(C) Assets + Liabilities = Equity
[#368] Which of the following accounts is Nominal A/c?
Correct Answer
(A) Interest A/c
[#369] By which section of companies act, the final accounts of a company are governed?
Correct Answer
(B) Sec. 211
[#370] When the current ratio is 2 : 5 and the amount of current liabilities is Rs. 25,000, the amount of current assets would be:
Correct Answer
(C) Rs. 10,000