- (A) 1000 paid for the execution of a new plant
- (B) Loss of 10,000 incurred in increasing the sitting accommodation of a hotel
- (C) Damage paid on account of breach of a contract to supply certain goods
- (D) Repair to machinery purchased, second hand.
Accounting Mcqs
- (A) Sales
- (B) Purchases
- (C) Inward returns
- (D) Closing stock
- (A) Research and development costs during the year
- (B) Interest on borrowed fund utilized for acquisition of Office Furniture
- (C) Installation charges paid in conjunction with the purchase of Office Equipment
- (D) Monthly rent of a machinery used in the business
- (A) Liability
- (B) Assets
- (C) Revenue receipts
- (D) Capital receipts
- (A) Postage stamps
- (B) B/R
- (C) Cheque Deposited with Bank
- (D) B/R endorsed
- (A) Assets
- (B) Expenditure
- (C) Liability
- (D) None
- (A) Bank column
- (B) Discount column
- (C) Cash column
- (D) None
- (A) Liability
- (B) Gain
- (C) Assets
- (D) Loss
- (A) Cash received from debtors
- (B) Cash paid to creditors
- (C) Salary remained outstanding
- (D) Cash deposited with bank
- (A) Cash column
- (B) Bank column
- (C) Petty cash column
- (D) Discount column
