Accounting Mcqs

Q.  Revenue receipts are shown in___________?

a. Balance Sheet
b. Profit and Loss appropriation A/c
c. Manufacturing A/c
d. Trading and Profit and Loss A/c


ANSWER: See Answer
 
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MCQs:  A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car?
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MCQs:  Which of the following is an external cause of depreciation?
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MCQs:  ____________is also known as Appraisal system of depreciation?
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