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MCQs: Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.
Category: MBA Questions, Published by: teswesm
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MCQs: A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?
Category: MBA Questions, Published by: teswesm
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MCQs: When bill discounted with the bank is dishonored?
Category: MBA Questions, Published by: teswesm
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MCQs: In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?
i. Debit Bills Receivable Account
ii. Debit Drawee‘s Account
iii. Credit Drawee‘s Account
iv. Credit Sales Account
Category: MBA Questions, Published by: teswesm
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MCQs: The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
Category: MBA Questions, Published by: teswesm
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MCQs: The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
Category: MBA Questions, Published by: teswesm
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MCQs: Under which of the following situations, is journal entry not passed in the books of the drawer?
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following is not a feature of a promissory note?
Category: MBA Questions, Published by: teswesm
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MCQs: How many parties are generally found in a Bill of Exchange?
Category: MBA Questions, Published by: teswesm
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MCQs: Negotiable Instrument Act was enacted in_________?
Category: MBA Questions, Published by: teswesm
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MCQs: Which of these is not an essential feature of a bill of exchange?
Category: MBA Questions, Published by: teswesm
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MCQs: A foreign bill of exchange is generally drawn up in___________?
Category: MBA Questions, Published by: teswesm
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MCQs: Which of these are not required in a promissory note?
Category: MBA Questions, Published by: teswesm
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MCQs: X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
Category: MBA Questions, Published by: teswesm
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MCQs: Accommodation bills are generally for?
Category: MBA Questions, Published by: teswesm
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MCQs: A cash deposit made by business appears on the bank statement as _______ balance?
Category: MBA Questions, Published by: teswesm
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MCQs: A check returned by bank marked “NSF” means that:
Category: MBA Questions, Published by: teswesm
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MCQs: Bank reconciliation statement is prepared by____________?
Category: MBA Questions, Published by: teswesm
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MCQs: Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
Category: MBA Questions, Published by: teswesm
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MCQs: Favorable balance of cash book implies that
Category: MBA Questions, Published by: teswesm
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