The opening stock is shown in:
A) Trading Account
B) Profit and Loss Account
C) Balance Sheet
D) Both (a) and (c)
Correct Answer:
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Q48: Outstanding Salaries are shown as:
A)An Expense
B)A Liability
C)An
Q49: Income tax paid by a sole proprietor
Q50: The Income created but not yet received
Q51: The income earned but not yet received:
A)Accrued
Q52: The closing stock in adjustment is shown
Q54: The trial balance checks
A)Arithmetical accuracy of books
B)The
Q55: In case a trail balance does not
Q56: Rs. 5000 spent on replacement of worn
Q57: What is the order in which the
Q58: Depreciation of fixed assets is an example
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