1.
Adjustments given are recorded once in Trading and Profit and Loss Account and again in Balance Sheet. It is so because of:
1 out of 10
2.
General Manager gets 10% commission on net profit after charging such commission. Gross Profit ₹ 70,000 and general expenses other than manager's commission are ₹ 12,000. Commission amount will be:
2 out of 10
3.
Which of the following statements is correct:
3 out of 10
4.
The Manager is entitled to commission of 5% on profits before deducting the commission, The profit is ₹ 2,100, therefore, the commission will be:
4 out of 10
6.
Accrued Income is added to the income because of:
6 out of 10
7.
Opening Stock is shown in:
7 out of 10
9.
Prepaid Expenses are deducted from the expense because of:
9 out of 10
10.
Prepaid Expenses, if given in the Trial Balance is shown in:
10 out of 10
