Trial Balance will not disclose errors of omission.
Inauguration expenses on opening of a new Branch of an existing business will be
Which of the following Statement is False:
Dual concept in accounting results in the following equation :
The capital of a Company comprises of equity shares of ` 10 each amounting to ` 10 lakhs and 10% Preference Share of ` 2 lakhs. Profit after tax for the year is ` 4 lakhs. Dividend declared is @ 25% and current market price of Equity Share is 80 each. The Price-earning ratio is
A) Balance sheet is prepared on a Particular date.
B) Balance sheet is prepared for a particular period.
Bank reconciliation statement is a Part of:
Salary Paid during the year: 10000
Salary due in the beginning: 2000
Salary due at the end: 1000
Salary of current year received in previous year: 1000.
From the above details, find salary debited to income and expenditure account?
Which of the following is a Capital receipt?
A) Advertisement Expenses is a Deffered Revenue Expenditure if benefit is spread over a long period.
B) Advertisement Expenses is a Revenue Expenditure if benefit is realised in current year only.
Which of the Following Statement is False about Income and Expenditure Account?