Question :

Branch / Division is a group defined under


A) Liabilities
B) Assets
C) Income
D) Expenditure

Answer : A

Description :


Branch / Division is a group defined under Liabilities


Related Questions - 1


Reversing journal is a


A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these

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Related Questions - 2


Which account is the odd one


A) Furniture
B) Land and buildings
C) Stock of raw materials
D) Plant and machinery

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Related Questions - 3


Transfer of materials from one godown to another godown, use


A) Manufacturing Journal
B) Stock Journal
C) Purchase Journal
D) Both A & B

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Related Questions - 4


Professionals usually maintain accounts as


A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting

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Related Questions - 5


A ‘credit note’ is sent by ________ to ________


A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller

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