A. An income
B. A loss
C. A liability
D. An asset
Category Archives: PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE … 2011 IN THE PUNJAB FINANCE DEPARTMENT
A. A fixed percentage of the cost of the asset each year
B. Always 5% of the cost of the asset each year
C. A fixed percentage of the book value of the asset each year
D. None of the above.
A. To apply the dual aspect concept.
B. To prepare books of prime entry accurately
C. To avoid errors
D. To record capital and revenue transactions correctly
A. The machinery gets old with time
B. Of physical wear and tear
C. Of fall in the market value of the asset
D. The plant is not as good as new one
A. Carriage inwards
B. Carriage outwards
C. Discount received
D. Discount allowed
A. Sales -purchases 895
B. Opening stock – closing stock + purchase – returns out
C. Purchases – returns out + closing stock If.
D. Gross profit – expenses
A. All assets: All Liabilities
B. All assets: Current liabilities
C. Current assets: All liabilities
D. Current assets: Current liabilities
A. All petty cash receipts
B. Petty transactions
C. Cash receipts from customers
D. All petty cash expenses
A. Outstanding interest
B. Wages account
C. Cash account
D. Charity account