Question

help kro accounts ..........................​

Answer 1

(09) The advantages of Accounting are :

Ans : (d ) All of above .

(10) The limitations of Accounting are

Ans : (d) All of above

(11) Trade discount is allowed :

Ans. : (b) at the time of sales of goods

(12) Cash discount is allowed

Ans. at the time of receipt of payment .

(13) Drawings are treated as __

Ans when the trader withdraw the amount for private use .

(14) Ans (a) R.N Anthony

(15) Assets are

Ans. : Fixed , fictitious , floating . (all) (d)

(16) Liabilities are

Ans. Fixed, contingent, floating ( All ) (d)

(17) Capitals are ___

Ans. (d) All ( Fixed , float , Working )

(18) Goods include

Ans. (a) Purchase of all goods

(19) Ans (a)

(20) Ans (b)

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