_______________ is prepared at the end of the accounting period to show the financial position o f business

Related MCQs

• P & L Account is prepared for a period of one year by following [Hints: (c) P&L A/C is prepared for a period of one year by following the concept of Accounting Period.]
• When stock is valued at cost in one accounting period and at lower of cost and Net realizable value in another accounting period
• To convert the accounts prepared on cash system of accounting into mercantile system of accounting, which of these adjustments is not necessary
• Which of the following accounts appear(s) in the Balance Sheet of a business? i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• 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 amount paid as premium for an insurance policy taken for redemption of debentures is credited at the end of the accounting period to:
• The balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
• Which of the following relate to financial position in a set of financial statements?