Accounts - Principles of Accounts Questions
Question 2356:
The reduction in value of goodwill is
- A Amortization
- B Appreciation
- C Depletion
- D Depreciation
Question 2357:
Which of the following is not recorded in a partnership appropriation account?
- A Interest on capital
- B Partners drawings
- C Share of profit
- D Interest on drawings
Question 2358:
When a transaction is completely left out from the books, it is an error of
- A Commission
- B Omission
- C Principle
- D Compensation
Question 2359:
Which of the following is not a subsidiary book?
- A Sales day book
- B Purchases day book
- C General journal
- D Trial balance
Question 2360:
In departmental accounts, rent is appointed on the basis of
- A Purchases
- B Floor area occupied
- C Number of personnel in each department
- D Volume of sales