Question :

A Group Company is ________ given to the merged accounts of member companies of the group


A) a name
B) an identity
C) A and B
D) None of the above

Answer : C

Description :


A Group Company is a name and an identity given to the merged accounts of member companies of the group.


Related Questions - 1


Goods returning to a Creditor after challan but before bill we need to pass


A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In

View Answer

Related Questions - 2


BOM represents


A) Billing of Machines
B) Bill of Materials
C) Bill of Maintenance
D) None of these

View Answer

Related Questions - 3


Rs. 20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded


A) Payment
B) Receipt
C) Contra
D) Post-Dated

View Answer

Related Questions - 4


Branch / Division is a group defined under


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

View Answer

Related Questions - 5


________ gives the balance for each day for the voucher type has been selected.


A) Trial Balance
B) Day book
C) Balance Sheet
D) None of the above

View Answer