Question

c. 1956
1- Choose the correct Answer:
1. Amount withdrawn by proprietor of business for personal use:
3 marks
a. Capital
b. Drawings
c. Expenses
d. Los
2. In India the accounting standard board was set up in the year:
a. 1972
b. 1977
d. 1932
3. The sum of Liabilities and Capital is:
a. Expenses
b. Income
c. Drawings
d. Assets
4. Cash-Book always show:
b. Credit balance.
a. Debit balance.
C. None of these
d. Debit or Credit bal
5. Which assets are related with depreciation?
d. Fixed assets.
a. Current assets. b. Liquid assets. c. Floating assets.
Sunil List nrice 10.000, allowed 5% trade discount & 2% cash discount, what n​

Answer 1

Answer:

Sunil one is not complete so i am answering remaning ones

Explanation:

1 - Drawings

2- 1977

3- Assets

4- debit or credit bal

5- fixed assets