Under Stock and Debtors System general income is credited to ………..account

Related MCQs

• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• Stock and Debtors method of branch accounting is generally used where branch turnover is substantially
• The normal and abnormal stock of goods doesn’t appear in branch account as the closing stock is at the…………….figure.
• All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _
• If value of stock on date of fire is 429000, salvage is 1570000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 1500000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 10000 then stock destroyed by fire will ………………
• Opening stock + purchases + direct expenses – closing stock =