Q1: Choose from the following statement that sounds best for coeditors.
Q2: Choose from the following statement that sounds best for the proprietorship
Q3: Choose from the following statement that sounds best for “every debit has a corresponding credit”
Q4: Choose from the following statement that sounds best for “Trade Discount”
Q5: Choose from the following statement that sounds best for “Freight”
Q6: Choose from the following statement that sounds best for “Notes payable”
A. Is a Liability?
B. Value of plant and machinery
C. Is Intangible asset
D. Is current liability.
The Correct Answers are as follow:
Q1= B. It is liabilities
Q2=A. Capital
Q3= B. Dual aspect concept
Q4= A. No entry in books
Q5= C. Is direct expense Q6= D. Is current liability
- It is current liabilities
- It is liabilities
- Dual aspects of accounting
- It is equal to Capital
Q2: Choose from the following statement that sounds best for the proprietorship
- Capital
- Value of plant and machinery is contributed
- Direct expense
- Accounting equation is relatively simple
Q3: Choose from the following statement that sounds best for “every debit has a corresponding credit”
- Accounting equation
- Dual aspect concept
- Is recorded in books
- Intangible
Q4: Choose from the following statement that sounds best for “Trade Discount”
- No entry in books
- Is liability
- Is direct expense
- Capital
Q5: Choose from the following statement that sounds best for “Freight”
- Is measurement concept
- Is creditor
- Is direct expense
- No entry in books
Q6: Choose from the following statement that sounds best for “Notes payable”
A. Is a Liability?
B. Value of plant and machinery
C. Is Intangible asset
D. Is current liability.
The Correct Answers are as follow:
Q1= B. It is liabilities
Q2=A. Capital
Q3= B. Dual aspect concept
Q4= A. No entry in books
Q5= C. Is direct expense Q6= D. Is current liability
Sat Apr 08, 2023 8:31 am by Dr Abdul Aziz Awan
» Video for our MPH colleagues. Must watch
Sun Aug 07, 2022 11:56 pm by The Saint
» Salam
Sun Jan 31, 2021 7:40 am by mr dentist
» Feeling Sad
Tue Feb 04, 2020 8:27 pm by mr dentist
» Look here. Its 2020 and this is what we found
Mon Jan 27, 2020 7:23 am by izzatullah
» Sad News
Fri Jan 11, 2019 6:17 am by ameen
» Pakistan Demographic Profile 2018
Fri May 18, 2018 9:42 am by Dr Abdul Aziz Awan
» Good evening all fellows
Wed Apr 25, 2018 10:16 am by Dr Abdul Aziz Awan
» Urdu Poetry
Sat Apr 04, 2015 12:28 pm by Dr Abdul Aziz Awan