101.
The person who send the goods to the agent to be sold by him on commission is calle
A
Consignor
B
Consignee
C
Merchant
D
None of these
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The person who send the goods to the agent to be sold by him on commission is calle
Consignor
Consignee
Merchant
None of these
A shipment of goods by a manufacturer to an agent tobe sold by him on commission basis on the risk and account of the former called -------------------
Consigning
Consignment
Agreement
None of these.
Transit items may either be
Cash and credit transit
Cash in transit & goods in transit
Credit and barter transit
None of these.
What represents the amount invested by owner in to business
Cash
Stock
Capital
None of these.
Which transaction is one where in items are exchanged for other items.
Cash
Credit
Barter
None of these.
Amount received during the course of trading operations are called
Capital receipt
Revenue expenditure
Capital expenditure
Revenue receipt
Liability for partly paid investment what is this
Capital expenditure
Revenue expenditure
Deferred revenue expenditure
Contingent liability
Rent paid, salary paid which type of expenditure
Capital expenditure
Revenue expenditure
Deferred revenue expenditure
Capital receipt
Interest on capital is credited to----------------------- A /C
Capital a/c
Proprietors a/c
Combine a/c
Interest on capital a/c
Amount of cash or other assets withdrawn by owner for his personal purpose called
Capital
Drawing
Withdrawal of cash
None of these.
Which account is prepared to exercise control over the branch cash.
Branch account
Branch expense account
Branch cash account
None of these.
Which account is prepared wth a view to ascertain the gross profit of branch.
Branch account
Branch adjustment a/c
Branch expense a/c
None of these.
Which is an account prepared to record all expenses at branch.
Branch account
Expense account
Branch expense a/c
None of these.
Recording of financial transactions is done in
Books
Journal
Trial balance
None of these.
Which one is list of all account balances
Balance sheet
Ledger
Profit and loss a/c
Trial balance
Which book is known as total of debit and credit
Balance sheet
Trial balance
Journal
Ledger
Any irrecoverable portion of sundry debtors is known as
Bad debt
Further bad debt
Provision for bad debt
Provision for doubtful debts
Which is the material things or possessions of the business
Asset
Liability
Capital
None of these.
Interest on drawings is charged on
Asset
Capital
Inventory
Drawing
Expand AICPA
American Institute of Certified Public Accountants
American Institute of Corporate Public Account
Accounting Institutions of Conventions Public Account.
None of these.