Accounts - Principles of Accounts Past Questions

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2466

Which of these accounts is dissolution expenses credited?

A. partners capital account
B. revaluation account
C. partners current account
D. Realization account

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2467

Capital for a profit making organization is generated through

A. Subscription
B. shares
C. donation
D. gift

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2468

The account where the profit are distributed to the partner in their profit sharing ratio in partnership

A. trading account
B. appropriation account
C. balance sheet
D. profit and loss account

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2469

In manufacturing account, depreciation of office machine is charged to

A. trading account
B. appropriation account
C. balance street
D. profit and loss account

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2470

Given:
I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes

A. I,II and III only
B. I and II only
C. III and IV only
D. I, III and IV only

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Accounts - Principles of Accounts Past Questions

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