WDV stands for
Written Down Valuation
Write Down Value
Written Down Value
Writing Down Value
Correct Answer :
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The basic unit of measurement of the accounting system is ______________.
E. & O.E.
The life span of a company is dependent on the life span of the
Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
Any type of error affects the agreement of Trial Balance.
Capital of the business is an example of external liability.
A part of the profit distributed to the shareholders is known as
If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
HUF stands for
Business ventures, which are started for a predefined period, are known as _____________ventures
In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
According to the Concept of Conservatism, an accountant should
Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
Sale of Office Furniture should be credited to Sales Account.
Cash is an example of
Transfer to General Reserve is a charge against
Cash payments are recorded on the _______________ of the Cash Book.
An expenditure intended to benefit the current period is revenue expenditure.
WIP stands for
The accounts of a company may be maintained using Single Entry System of Book Keeping also.
Which of the following events is not a transaction?
Wages and Salaries is a charge against
The balance in the Cash Book represents net income.
Depreciation cannot be provided in case of loss, in a financial year.
Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
The first step of accountancy is
Bank Reconciliation statement is prepared to arrive at the Bank Balance.
The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
All credit sales are recorded in
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