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MCQs: If actual bad debts are more than the provision for bad debts, then there will be a_____________?
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MCQs: The creation of provision for doubtful debts given as an adjustment requires____________?
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MCQs: Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
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MCQs: At the time of preparation of financial accounts, bad debt recovered account will be transferred to?
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MCQs: The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to?
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MCQs: Period cost include which of the following ?
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MCQs: The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?
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MCQs: An income statement in which each item expressed as percentage of Sale?
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MCQs: Short term Assets expected to be converted into cash within 1 year or less than?
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MCQs: _________is the cost of converting raw material into finished products?
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MCQs: Net sales equals, sales minus:
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MCQs: LIFO stands for__________?
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MCQs: Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?
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MCQs: Outstanding salaries is shown as___________?
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MCQs: Insurance prepaid is shown as:___________?
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MCQs: Depreciation appearing in the Trial Balance should be?
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MCQs: A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case
Category: MBA Questions, Published by: teswesm
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MCQs: Bad debts recovered is:
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MCQs: The adjustment to be made for prepaid expenses is____________?
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MCQs: On scrutiny of a firm‘s books of accounts, it was observed that the following errors have occurred in the previous years but have not yet been rectified.
i. Depreciation for 2011-2012- 7,000 understated
ii. Accrued expenses as at March 31, 2013 – 10,000 understated
The impact of this on the reported net income for the year ending March 31, 2013 is
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