State the accounts which are not considered while preparing the Trial Balance by Balance Method Accounts which do not show any balance are not considered while preparing the Trial Balance by
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How is Entrance Fees dealt with while preparing the final accounts for the year ended 31st March 2019 in each of the following alternative cases ? Cas
Case I Entrance Fees credited to Income and Expenditure Account ,Rs. 1,00,000. Case II. Entrance Fees credited to Income and Expenditure Account , Rs. 75,000, Rs. 25,000 will be shown...
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While preparing Common -size Balance Sheet, each item of Balance Sheet is expressed as % of
Correct Answer - d Total Assets
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Why is Cash Flow Statement prepared? Or What is the objective of preparing a Cash Flow Statement? Or State the primary objective of preparing Cash Flo
Cash Flow Statement is prepared to determine the cash flows of an enterprise during a specific period from its Operating, Investing and Financing Activities.
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In which category following items will be classified while preparing Cash Flow Statement of State Bank of India? (i) Interest and dividend received by
(i) Cash Flow from Operating Activities. (ii) Cash Flow from Investing Activities
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Cash deposit with the bank with a maturity date after two months belongs to which of the following while preparing Cash Flow Statement? (a) Investing
(c ) Cash and Cash Equivalents.
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The age of most ancient geological formations is estimated by a)`C-14` dating method b)`K-Ag` method c)`U-Pb` method d)`Ra-Rn` method
Correct Answer - D The age of most ancient geological objects is determined by uranium lead method. This methos is based on the radoactive porperties of uranium. In theis methos,we assume...
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i. Errors that affect the agreement of Trial Balance. ii. Taking the total more while closing books of accounts.
i. One-sided errors ii. Overcasting iii. Error of omission iv. Error of principle v. Suspense account
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i. Error in which the effect of one mistake is nullified by another mistake. ii. Errors that are not disclosed by the Trial Balance.
i. Compensating error ii. Two-sided errors iii. Errors of commission
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Trial Balance is prepared from the balance of ledger accounts.
This statement is True. A Trial balance is a statement of debit and credit balances extracted from the various accounts in the ledger. All business transactions are recorded first in Journal...
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i. The capital balances are ascertained by preparing ______ (a) Statement of Affairs (b) Cash Account (c) Drawings Accounts
i. (a) Statement of Affairs ii. (a) Opening Liabilities iii. (b) Deducted iv. (a) Sole traders v. (d) Added
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