When proprietor withdrew cash from business for personal use , it is known as -
A) Drawings
B) Investment
C) Furniture
D) Bills Receivable
Correct Answer:
Verified
Q14: Which is true.
I.Fixed installation method is recognised
Q15: Cost of machine=1,90,000 Installation=10,000 Scrap=50,000 Life=6 yrs
Q16: Machinery purchased on 1 Oct,2016 for 40,000.This
Q17: 1 oct Opening balance=400 units @Rs 20
Q18: 2 oct Opening balance=200 units @Rs 15
Q20: In trial balance, which accounts with is/are
Q21: When Salary is paid by cheque, which
Q22: What are the two statements prepared for
Q23: Where do we show Gas and Fuel
Q24: What are the causes of depreciation?
A)Wear and
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