WDV stands for
Written Down Valuation
Write Down Value
Written Down Value
Writing Down Value
Correct Answer :
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Any type of error affects the agreement of Trial Balance.
HUF stands for
Which of the following equation(s) is(are) true
A part of the profit distributed to the shareholders is known as
All credit sales are recorded in
The balance in the Cash Book represents net income.
WDV stands for
Business ventures, which are started for a predefined period, are known as _____________ventures
The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
The account which can never have a credit balance is
All events are transactions but all transactions are not events.
Accrual concept implies accounting on cash basis.
Depreciation cannot be provided in case of loss, in a financial year.
An expense incurred to keep the machine in working condition is a capital expenditure.
The life span of a company is dependent on the life span of the
Cash is an example of
Copyright is an example of
Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
The short description of a transaction written at the end of a journal entry is known as _______________.
E. & O.E.
Bank Reconciliation statement is prepared to arrive at the Bank Balance.
The first step of accountancy is
Sale of Office Furniture should be credited to Sales Account.
Contingent liability is an ascertained liability but its amount and due date are indeterminate.
WIP stands for
Depreciation is not charged on _______________.
If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
Cash payments are recorded on the _______________ of the Cash Book.
Wages and Salaries is a charge against
Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
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