(A) Always pay by cash
(B) Cross your Cheques ‘Account Payee only, Not Negotiable.’
(C) Always get the money in person
(D) Not use the postal service in future
The answer is (B) Cross your Cheques ‘Account Payee only, Not Negotiable.’
(A) Always pay by cash
(B) Cross your Cheques ‘Account Payee only, Not Negotiable.’
(C) Always get the money in person
(D) Not use the postal service in future
The answer is (B) Cross your Cheques ‘Account Payee only, Not Negotiable.’
(A) Sales Ledger
(B) Nominal ledger
(C) Purchases Ledger
(D) General Ledger
The answer is (C) Purchases Ledger
(A) Trading account
(B) P & L a/c
(C) Balance Sheet
(D) None of the above
The answer is (B) P & L a/c
(A) Are bought to be used in the business
(B) Are expensive items bought for the business
(C) Are items which will not wear out quickly
(D) Are of long life and are not purchased specifically for resale
The answer is (D) Are of long life and are not purchased specifically for resale
(A) do this by stocktaking
(B) deduct the cost of goods sold from sales
(C) deduct opening stock from the cost of goods sold
(D) look in the stock account
The answer is (A) do this by stocktaking
(A) Profit and loss account
(B) Balance sheet
(C) Trial balance
(D) Trading account
The answer is (A) Profit and loss account
(A) Cost of goods sold + Opening stock
(B) Sales – cost of goods sold
(C) Sales – Purchases
(D) Net profit – expenses
The answer is (B) Sales – cost of goods sold
(A) Current Liabilities
(B) Fixed liabilities
(C) Contingent liabilities
(D) All the above
The answer is (A) Current Liabilities
(A) Current assets
(B) Fixed assets
(C) Intangible assets
(D) Investments
The answer is (C) Intangible assets
(A) Current assets
(B) Fixed assets
(C) Intangible assets
(D) Investments
The answer is (A) Current assets