Which of these Accounts are not closed in a Trading A/c
A) Sales A/c .
B) Purchase A/c .
C) Wages A/c .
D) Depreciation A/c
Correct Answer:
Verified
Q20: Current Liabilities mean -
A)Liabilities which are payable
Q21: AS 30 deals with
A)Accounting Policy
B)Financial Investment presentation
C)Financial
Q22: Expenses A/c will always have -
A)Debit balance
Q23: Which of these is not a cause
Q24: Revenues affect net income -
A)in the period
Q26: Undercasting of the total of Sales A/c
Q27: ` 5,500 incurred on sundry expenses inadvertently
Q28: How does depreciation effect basic accounting equation
A)Leads
Q29: --- Principle specifies that cost or expenses
Q30: X a debtor is declared insolvent and
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