A. Income from sale of trading goods
B. Bad debts recovered
C. Interest on FDs
D. None
Correct Answer: Interest on FDs ✔
Last Updated: September 12, 2018
Related MCQs
- 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 _________?
- LIFO stands for__________?
- Net sales equals, sales minus:
- _________is the cost of converting raw material into finished products?
- Short term Assets expected to be converted into cash within 1 year or less than?
- An income statement in which each item expressed as percentage of Sale?
- The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?
- Period cost include which of the following ?
- Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?
- Which of the following form of business organization is least regulated?
- During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?
- Average Accounting Return is a measure of accounting profit relative to:
- The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to?
- At the time of preparation of financial accounts, bad debt recovered account will be transferred to?