Irregularities, frauds, and misappropriations can be detected only because of books accounts.

This statement is True. In the double-entry system of book-keeping, there are two-fold effects. Both the effects are recorded simultaneously with an equal amount. This system also follows principles and rules...

Step 1: You Can select an already created company using the ‘Select Existing Company ’ Option on Opening Screen. Step 2: Log in with User Name and Password Step 3: To create an...

Correct Answer - C `(c )` `B_(1)B_(2)B_(3)…B_(7)B_(8)B_(9)B_(10)` `(i)` When two terminal books are taken (`B_(1)B_(2)` or `B_(9)B_(10)`) then number of ways `=2xx7=14` `(ii)` When two consecutive terminal books are not taken...

Correct Answer - B `(b)` `n(A)=^(3+2-1)C_(2-1)xx^(3+2-1)C_(2-1)=16` `n(B)=n(C )=16` `n(AnnB)=^(3+2-1)C_(1-1)xx^(3+2-1)C_(1-1)` `=1=n(BnnC)=n(AnnC)` `n(AnnBnnC)=0` Required no. of ways `=100-(16+16+16-1-1-1+0)=55`

Journal Entries:- 1) Wages A/c Dr.5000                     To Plant A/c 5000 2) Suspense A/c Dr.4000                    ...

This statement is True.  The purpose of preparing books of accounts is to know financial details of organization from journal ledger, trial balance, final accounts proprietor to get an idea of...

From Journal and Subsidiary books posting is made in the ledger.

(i) Ledger (ii) Nominal Accounts (iii) Purchases Account (iv) Trial Balance

Correct Answer - Debit balances : - (i), (ii), (iv), (vi), (vii), (viii).

Correct Answer - 262