Practice Questions

Which of the following will be credited to the income expenditure account of a college

Income and expenditure account is prepared on ____ basis

The following statement is in for XYZ corp: Subscription received in 2019 is for Rs 245000 which is including Rs 20000 for 2018 and Rs 15000 for 2020 Subscription due but not received at the end of 2019 is Rs 19000 Subscription received in 2018 in advance for 2019 was rs 18400.Calculate the amount to be credited for income expenditure account for the year 2019

Where will you record interest on drawings

If fixed amount is withdrawn by a partner at the end of every quarter , interest on the total amount is charged for ___ months

If the sale of 12 articles is equal to cost price of 18 articles. What is profit %

Rent paid to a partner is considered as

Provision for depreciation is

If there is no partnership agreement, what will be percentage of profit sharing ratio between them

Antonym of Dearth is