Which of the following is not an Asset?
A) Stock of stationery
B) Goodwill
C) Profit and Loss Account (Credit Balance)
D) Accounts Receivable
Correct Answer:
Verified
Q6: Trade discount allowed at the time of
Q7: The Periodical total of the Sales Return
Q8: If the Petty Cash fund is not
Q9: XYZ Ltd. Paid wages of ` 8,000
Q10: Purchase of goods on credit
A)Increases Liabilities
B)Increases Assets
C)Increases
Q12: The process of balancing of an account
Q13: Ledger is also called
A)Principal book of accounts
Q14: Which of the following transactions of a
Q15: Which of the following statements is/are true?
(i)
Q16: The entry to record the collection of
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