- (A) 20,000 Loss
- (B) 20,000 Profit
- (C) 10,000 Loss
- (D) 10,000 Profit
Accounting Mcqs
- (A) Straight line Method
- (B) Written down value Method
- (C) Discounted present value Method
- (D) Sum of digits Method
- (A) Debtor
- (B) Creditor
- (C) Defaulter
- (D) Offender
- (A) Debit Provision for Bad Debts A/c and credit Debtors A/c
- (B) Debit Debtors A/c and credit Provision for Bad Debts A/c
- (C) Debit Provision for Bad Debts A/c and credit Profit & Loss A/c
- (D) Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
- (A) Debtor‘s Account
- (B) Profit and Loss Account
- (C) Provision for Doubtful Debt Account
- (D) Either (b )or
- (A) Inventory system
- (B) Survey system
- (C) Annuity system
- (D) Insurance
- (A) Building
- (B) Land
- (C) Plant and Machinery
- (D) Office equipment
- (A) Routine repair and maintenance
- (B) Misuse
- (C) Obsolescence
- (D) Wear and tear
- (A) Cost price of asset
- (B) Market price
- (C) Cost+ Transport+ Installation expenses
- (D) Cost or market values whichever is less
- (A) Depreciation cannot be provided in case of loss in a financial year
- (B) Depreciation is a charge against profit
- (C) Depreciation is provided in the books only when there is profit
- (D) Depreciation is an appropriation of profit
