The final accounts , when adjustment entry is passed ,it affects the minimum ________

Related MCQs

• The adjustment entry for goods in transit is passed in the books of
• The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
• A trade purchase of ` 5,500 from Y was passed through Sales Day Book as ` 550, what rectification entry would be passed if the mistake is detected before preparation of Trading and Profit & Loss A/c
• On 31st March, goods sold at a sale price of ` 30,000 were lying with customer, Mohan to whom these goods were sold on 'sale or return basis' and recorded as actual sales. Since' no consent was received from Mohan, the adjustment entry was made presuming goods were sent on approval at a profit of cost plus 20%. In the balance sheet, the stock with customers account will be shown at `
• As per ………..it is the statutory obligation of companies to prepare their final accounts.
• While preparing the final a accounts of non trading concerns where do you show receipts and payments of special nature
• 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
• The purpose of final accounts is to ascertain. …
• Final accounts are prepared…….
• Which of the following branches, taking into consideration the scope of authority and responsibility, prepares its own independent final accounts?