M/s Stationery Mart will debit the purchase of stationery to _______

Related MCQs

• Which of the following does not give a difference between a hire purchase and a normal purchase?
• In profit and loss account, if credit is more than the debit, the difference is
• Debit the receiver & credit the giver is _____ account
• The principle “Debit the receiver and credit the giver” is related to_____
• For every debit there will be an equal credit according to
• The rule debit all expenses and losses and credit all income and gains relates to
• Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:
• Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• On the balance sheet of a company, the value of the asset bought through hire purchase will appear as: