Accounting - Study Mode
[#486] An item of Rs. 72 has been debited to a personal account as Rs. 27, is an error of:
Correct Answer
(A) Commission
[#487] Purchases made on credit not recorded at all would affect . . . . . . . .
Correct Answer
(C) Purchases account and suppliers account
[#488] Bills payable book is a . . . . . . . .
Correct Answer
(A) subsidiary book
[#489] Book-keeping is often confused with:
Correct Answer
(D) Accounting
[#490] Sale of an asset on credit at a price higher than written down value of the asset, would
Correct Answer
(D) increase owner's equity to the extent of profit on sale