- (A) General Reserve A/c
- (B) Profit & Loss A/c
- (C) Asset A/c
- (D) Capital Reserve A/c
Accounting Mcqs
- (A) Debtors A/c
- (B) Profit & Loss A/c
- (C) Profit & Loss Adjustment A/c
- (D) Profit & Loss Appropriation A/c
- (A) Add prepaid expenses to respective expenses and show it as an asset
- (B) Deduct prepaid expenses from respective expenses and show it as an asset
- (C) Add prepaid expenses to respective expenses and show it as a liability
- (D) Deduct prepaid expenses from respective expenses and show it as a liability
- (A) Credited to P&L A/c
- (B) Debited to P&L A/c
- (C) Reduced from debtors in Balance Sheet
- (D) Added to debtors in Balance Sheet
- (A) P&L A/C is debited with 1,400
- (B) P&L A/C is debited with 1,200
- (C) 200 is shown as current asset
- (D) Both
- (A) Debited to P&L A/c
- (B) Shown as liability in Balance Sheet
- (C) Reduced from related asset in Balance Sheet
- (D) Both
- (A) Current Asset
- (B) Current Liability
- (C) Fixed Asset
- (D) Income
- (A) An Asset in the Balance Sheet
- (B) A Liability
- (C) By adjusting it in the P & L A/c
- (D) Both
- (A) Replacement cost – Accumulated Depreciation
- (B) Historical cost – Salvage Value
- (C) Historical cost – Depreciation portion thereof
- (D) Original cost adjusted for general price-level changes
- (A) Lots in , Few out
- (B) Link input, Format Output
- (C) Last input, First Output
- (D) Last in, First Out
