Accounts - Principles of Accounts Questions
Question 1581:
Which of the following does a consignee prepare and send to his consignor?
- A Account eceivable
- B Current account
- C Account payable
- D Account sales
- E Consignment account
Question 1582:
In the consignee's record account, the accounting treatment of expenses paid for on behalf of the consignor is debit
- A Consignee's account, credit cash account, credit cash account
- B Cash account, credit consignor's account
- C Consignee's account, credit cash account
- D Cash account, credit consignee's account
- E Account sales, credit consignee's account
Question 1583:
Which of the following is a fictitious asset?
- A Preliminary expenses
- B Fixtures and fittings
- C Cash in hand
- D Land and buildings
- E Investment
Question 1584:
Expenditure incurred to maintain an asset's earning capacity is called
- A Capacity expenditure
- B Revenue expenditure
- C General expenditure
- D Tangible expenditure
- E Intangible expenditure
Question 1585:
Which of the following does not relate to a manufacturing concern?
- A Balance sheet
- B Profit and loss account
- C Ledger account
- D Cash book
- E Income and expenditure