Goods taken by the proprietor for personal is shown as a deduction from_____________
A) Sales
B) Capital
C) Purchas
Correct Answer:
Verified
Q57: Trading account is a _account
A)Real
B)Nominal
C)Persona
Q58: Closing stock is valued at _
A)Market price
B)Cost
Q59: Balance sheet is an _
A)Statement
B)Account
C)Bot
Q60: Wages paid on for the erection of
Q61: Income tax is debited to _
A)Profit and
Q63: Asset that can be converted into cash
Q64: Balance sheet is prepared for a _
A)Period
B)On
Q65: Income received in advance is an _
A)Asset
B)Liability
C)Expense
Q66: If goods are destroyed by fire ,
Q67: Provision for account on creditors has a
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