Home
About Us
Contact Us
Privacy Policy
Search
Home
→
Accounting Mcqs
→
How many parties are generally found in a Bill of Exchange?
Related MCQs
Which of the following is not a feature of a promissory note?
Under which of the following situations, is journal entry not passed in the books of the drawer?
The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?
When bill discounted with the bank is dishonored?
A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?
Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.
Arrangement of Balance Sheet in a logical order is known as __________?
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission
From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.
Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.
Which of these is not an operating income?
Carriage on goods purchased is shown in:__________?
Profit on sale of old plant is:__________?
Depreciation Account appearing in the Trial Balance is shown in:
Closing stock appearing in the Trial Balance is shown in:
Closing entries are generally passed:
Which of the following are current assets of a business?
Which of the following is not a contingent liability?
Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?
Which of the following is a current liability?
Which of the following is not an intangible asset?
Computers taken on hire by a business for a period of twelve months should be classified as:__________?
Which of the following accounts appear(s) in the Balance Sheet of a business?
The Balance Sheet gives information regarding the__________?
Which of the following statements is false ? select the false from below options
Tax deducted at source appears in the Balance Sheet
Which of the following are/is a current asset?
Which of the following are/is not a fixed asset?
If unexpired insurance appears in the Trial Balance, it should be:
Which of the following is not a financial statement?
Which of the following will not appear in Profit and Loss Account of a business?
The Profit and Loss Account shows the:
Which of the following is not true with regard to preparation of Profit & Loss Account?
Which of the following equations is correct?
Which of the following shall not be deducted from net profit while calculating managerial remuneration?
Gross Profit is equal to_________?
Which of the following relationships is/are false?
Prepaid expenses are valued on the Balance Sheet at
Goods in stock worth 800 are destroyed by fire and the Insurance Co. is accepted the claim for 600. Adjustment would involve
Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:
Which of the following entries is correct in respect of reserve for discounts on accounts payable?
On scrutiny of a firm‘s books of accounts, it was observed that the following errors have occurred in the previous years but have not yet been rectified.
The adjustment to be made for prepaid expenses is__________?
Bad debts recovered is:
A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case
Depreciation appearing in the Trial Balance should be?
Insurance prepaid is shown as:__________?
Outstanding salaries is shown as__________?
Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?
How many parties are generally found in a Bill of Exchange?
A. 4
B. 2
C. 3
D. 5
Correct Answer:
3
✔
Last Updated:
September 12, 2018