When a Fixed Asset is obtained as a gift, the account to be credited is
A) Goodwill A/c
B) Capital Reserve A/c
C) Donor's A/c
D) General Reserve A/c
Correct Answer:
Verified
Q19: If Office Equipment is purchased for cash,
Q20: The periodical total of discount column on
Q21: Which of the following statements is false?
A)Credit
Q22: Purchase of Fixed Assets on credit is
Q23: If you start with cash book favorable
Q25: Which of the following is/are fixed asset(s)?
A)Closing
Q26: Bank Overdraft is shown as a
A)Current Liability
Q27: Which of the following is NOT a
Q28: If Machinery Account is debited with the
Q29: Which of the following is true?
A)Bank Account
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