Accounts - Principles of Accounts Questions
Question 1521:
Which of the following does not belong to the group?
- A Discount allowed
- B Salaries and wages
- C Sundry expenses
- D Rates and rent
- E Return inwards
View Answer & ExplanationQuestion 1523:
Which of the following is the most liquid?
- A Land and buildings
- B Cash at bank
- C Machinery
- D Goodwill
- E Furnitures and fittings
View Answer & ExplanationQuestion 1524:
Which of the following does not belong to the group?
- A Plant and machinery
- B Stock
- C Goodwill
- D Preliminary expenses
- E Overdraft
View Answer & ExplanationQuestion 1525:
A partner's drawing is debited to
- A Profit and loss appropriation account
- B Interest account
- C Loan account
- D Current account
- E Trading account
View Answer & Explanation