Final authority of a Co-operative Society is section ...... of KCS Act?

Liability arises only when an event's occurrence or non-occurrence

Closing balance of receipts & payment a/c shows?

The difference between two sides of in- come and expenditure is?

In Receipts and Payments A/c-nature of transactions are recorded

Who kept the bill of exchange after the acceptance

Signing on the backside of the instrument for negotiation is

Profit on sale of fixed asset is?

Cost in connection with issuing debentures is a ...

Under --- method, depreciation is calculated on Book Value.

A --- is prepared by the Business.

Normally the --- shows a Debit balance and --- shows a credit balance.

---- in the pass book means a/an Asset to the depositor.

---- deposits in the bank by a customer would increase the balance shown by the Pass Book.

---- is recorded on Credit side of the bank column of cash Book?

The financial statements consist of

----- is transferred to Capital account.

Adjustment type of journal entries are made when, so that the financial statements better reflect the accrual method of accounting.

An example for Intangible asset is

Assets minus ---- equal to Capital.

The statement of financial position and the balance sheet are synonyms.

Bank overdraft, bills payable, sundry creditors etc. are

Bank overdraft, bills payable, sundry creditors etc. are

If the assets exceeds liabilities the business is considered.

Which of the following is not a financial return?

Salary and other payments to staff is ----.

------ is a statement of financial position of any economic unit disclosing at a given moment of time.

Which of the following is not an interest rate sensitive item?

The ----- measures the Mismatches between rate sensitive liabilities and rate sensitive assets.

The risk from earnings perspective can be measured as changes in

Wages and salaries are shown in the —.

Carriage outward is debited to-------Account

The primary record of a credit purchase of a fixed asset is made in

Huge advertising expenses are incurred to introduce a new product in the market. This is a —.

Specific reserve is created out of

The periodic total of Purchases Return Journal is posted to — ?

A provision is a _____ of profit.

Incorrect allocation of expenditure between Capital and Revenue, ignoring out-standing assets and liabilities, wrong valuation of assets are the examples of:

Trade discount is recorded

A situation when a firm gets a profit lower than the average profit of the industry is called:

If consignor draws a bill on consignor and discounted it with the banker, the discounting charges will be debited in:

For closing stock held by consignee which account must be debited

Closing stock with consignee is shown in the balance sheet of ---.

In consignment accounting, if discount is treated as "Consignment expenses" It is debited to ---.

If the consignor carries on Trading business, then the business, then the balance of goods sent on the consignment A/C is transferred to ---.

If the consignor carries on business of manufacturing then the balance of goods sent on consignment A/c is transferred to

In the books of consignor, the profit of consignment will be transferred to:

If del-credere commission is allowed to consignee the treatment of bad debt (in Consignor books)

If del-credere commission is not allowed then in case of bad debts which account should be Credited in the books of consignor

When goods sent on consignment are sold by the consignee, the account to be debited is: