Due to retrospective effect on revision of salary of employees, the arrears of salary relating to past years, payable in current year is
A) Prior - period item
B) Extra - ordinary item
C) Ordinary item requiring separate disclosure
D) Contingent item
Correct Answer:
Verified
Q88: A non-performing asset is:
A)Money at call and
Q89: Name the book in which, entries are
Q90: Exception to consistency principle is
A)Cost Principle
B)Going Concern
Q91: The balance in consignment account shows
A)Amount receivable
Q92: Provision for bad debts is
A)Real Account
B)Nominal account
C)Personal
Q93: The business is treated as distinct and
Q95: Discount given in the Sales - Invoice
Q96: Canteen expenses are apportioned among departments in
Q97: Both cash and credit transactions are recorded,
Q98: Which of the following book is both
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