Expenses A/c will always have -
A) Debit balance .
B) Credit balance .
C) Either (a) or (b) .
D) No balance at all
Correct Answer:
Verified
Q17: AS 10 is not applicable to --
A)Natural
Q18: A change in Depreciation Method under AS-6
Q19: Which of these is an appropriation of
Q20: Current Liabilities mean -
A)Liabilities which are payable
Q21: AS 30 deals with
A)Accounting Policy
B)Financial Investment presentation
C)Financial
Q23: Which of these is not a cause
Q24: Revenues affect net income -
A)in the period
Q25: Which of these Accounts are not closed
Q26: Undercasting of the total of Sales A/c
Q27: ` 5,500 incurred on sundry expenses inadvertently
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