- (A) sale is effected
- (B) cash is received
- (C) production is completed
- (D) debts are collected
Exam preparation MCQs with answers
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Latest MCQs
- (A) Balance Sheet
- (B) Profit and Loss appropriation A/c
- (C) Manufacturing A/c
- (D) Trading and Profit and Loss A/c
- (A) Mistake in Cash Book
- (B) Mistake in Pass Book
- (C) Cheque issued but not presented for payment
- (D) Cheques deposited but not cleared
- (A) Bank column of Cash Book
- (B) Bank Pass Book
- (C) Bank Statement
- (D) Trial Balance
- (A) Current assets and current liabilities
- (B) Profit and loss A/C and Balance sheet
- (C) Current assets and non-current liabilities
- (D) Current liabilities and non-current liabilities
- (A) No flow
- (B) Sources
- (C) Uses
- (D) Gain
- (A) Expenses for day to day running of the business
- (B) Putting the new asset in working condition
- (C) Depreciation
- (D) Purchase of raw material
- (A) Acquisition of an Asset
- (B) Extension of an Asset
- (C) Improvement of the existing Asset
- (D) Maintenance of the Asset
- (A) Repair of plant and machinery
- (B) Salary paid to workers
- (C) Cost of stand by equipment
- (D) Annual whitewash of the office building
- (A) Raw material consumed
- (B) Plant purchased
- (C) Long term loan raised from bank
- (D) Share Capital

