Collection of all accounts us called

Related MCQs

• A collection of all accounts is a ___________
• Match List I (Financial Statements and Accounts) with List II (special matters associated with statements and accounts) and select the correct answer using the codes given below the lists: List I List II i) Receipts and Payments Account I. Revenue ii) Income and Expenditure Account II. Cash iii) Club subscription received in III. Liability Advance Account Codes:(i) (ii) (iii)
• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• Debit balance of all personal accounts are collectively called
• Receipts and payment accounts includes all receipts and payments of
• Receipts and payment accounts records all receipts and payments of
• The book which all accounts of the firm are maintained is known as
• Expenses which have become due during the accounting period for which the final accounts have been prepared but have not yet been paid is called
• A book wherein various accounts are opened is called—
• Accounts dealing with transaction relating to persons or an organization is called