Provision for depreciation on delivery van is charged to
Trading account
Profit and loss account
Appropriation account
Manufacturing account
Correct answer is B
No explanation has been provided for this answer.
The concept which states that assets are not to be recorded at their current market value is
money measurement
Materiality
Cost
Entity
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not used in Public accounting?
Cash book
Trial balance
Profit and loss account
Bank reconciliation statement
Correct answer is C
No explanation has been provided for this answer.
Seperates the owner's transactions from the business transactions
Records transactions outside the business
Does not seperate the owner's trasactions from the business transactions
Involves other business transactions
Correct answer is A
No explanation has been provided for this answer.
Le 325 overdraft
Le 325
Le 1,275
Le 1,275 overdraft
Correct answer is A
No explanation has been provided for this answer.