Which provides a very useful check on ledger postings?

On meeting the bill on the due date, the entry is

The method which provides a ready means to traders of some standing to raise money on the credit of one another is by

Where all cash receipts are paid into the bank and all payments are made by cheque, the subsidiary book maintained is known as

If every credit purchase were recorded in the journal, the entry for each such transaction would be to debit ______ and credit ______

If on the date of closing there is a balance of unsold goods, that amount is shown on the credit side of the Goods Account as

When the cash account shows a debit balance, it is written as

When a payment is made on account of any service rendered, the debit should be given to

Every entry in the journal is followed by a short description of the nature of the transaction, known as

Transfer of entries from subsidiary books to Ledger is called

When liabilities exceed assets, a person is said to be

.........is created for meeting unknown future losses

Which of the following is chargeable to capital?

Profit from redemption of debentures should be kept as

copy of the voucher produced for verification in the absence of original is said to be

Which method, from the methods given below, is not permissible under the Companies Act for providing depreciation?

Contingent liabilities have to be shown in the

Errors other than Errors of Principles are generally called as errors

Examination of financial transactions with supporting documents is

In an attempt at financial inclusion the RBI launched the No Frills account in

With which of the following is SARFAESI act 2002 related?

Repo rate is always Reverse Repo rate

In the case of handling bills of exchange for collection the relationship between the customer and banker..

In the books of the consignee, the sale of goods is credited to which account?

..........are merely debit balances of certain expenses accounts reported on the assets side of balance sheet.

When the bills sent to bank for collection are dishonored, which account is credited?

Which of the following is considered to be normal loss of material?

PAN number required for deposit of

Sale of old assets at price greater than book value the effects will be

Assets expected to be converted into cash during normal operating cycle

Capital of a company can be called up only in event of winding up

Cost of things and services used for earning revenue

Surplus/deficit of non-profit organization is transferred to

Depreciation method useful for livestock

Depreciation method useful for livestock

Ratio indicating percentage of funds financed through borrowings :

Wage payment under incentive wage plan

If bad debts once written off subsequently recovered, it will be shown

Outstanding wages appears in the trial balance taken only in

Work-in-progress is generally valued at

Profit earned at the time of re-use of forfeited shares will be transferred to------Account.

Depreciation accounting is as per

Period costs are cost

In purchases book all ------ purchases of goods are recorded

Floating assets are also known as

Details of sales, expenses etc. prepared by consignee and sent to the consignor periodically is know as

Noting charge is not an expense to

If stock is undervalued the effect will be

Which of the following is not shown in the balance sheet?

The credit balance of personal account indicates