The amount set aside out of profit for a specific purpose is?
The amount set aside out of profit for a specific purpose is? A. provision B. reserve C. depreciation D. depletion Correct Answer: Option A A. provision
Read MoreThe amount set aside out of profit for a specific purpose is? A. provision B. reserve C. depreciation D. depletion Correct Answer: Option A A. provision
Read MoreWhich of the following terms describes the provision made for the loss in the value of an asset that has a legal life span? A. capitalization B. depreciation C. depletion D. amortization Correct Answer: Option B B....
Read MoreThe total of the purchases day book is posted to the purchases account in the? A. general ledger B. purchases journal C. private ledger D. purchases ledger Correct Answer: Option D D. purchases...
Read MoreWhich of the following items is not shown in the Trial Balance? A. closing stock value B. opening stock balance C. opening debtors balance D. closing asset value Correct Answer: Option A A. closing stock...
Read MorePending the location of an error, the difference disclosed in a trial balance is temporarily treated in? A. suspense Account B. trading account C. control account D. profit and loss account Correct Answer: Option A A. suspense...
Read More
Recent Comments