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Accounting for ...

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  • Question 1
    1 / -0

    The day-to-day transactions of a club would be recorded in ____________.

  • Question 2
    1 / -0

    ________is/are example(s) of capital receipts.

  • Question 3
    1 / -0

    From the following details ascertain net profit od ABC club for the period ending 31.03.09 under accrual system

    Items31.03.0831.03.09
    Net profit as per cash basisRs.10750
    Accrued subscription550450
    Subscription received in advance250100
    Salary outstanding30050
    Prepaid rent600150
     

  • Question 4
    1 / -0

    From the following details uscertain net profit of $$ABC$$ club for the period ending on 31.03.08 under Cash basis

    Items31.03.0831.03.09
    Net profit as per Accrual basisRs. $$10800$$
    Accrued Subscription$$550$$$$450$$
    Subscription received in advance$$250$$$$100$$
    Salary outstanding$$300$$$$50$$
    Prepaid rent$$600$$$$150$$

  • Question 5
    1 / -0

    Edownfund received by a club is a ........

  • Question 6
    1 / -0

    Which of these is an example of a Corporation.

  • Question 7
    1 / -0

    Rs. 2,000 due from XYZ Associates was written off as bad debts in 2012-13, however in 2013-14 XYZ paid Rs. 1,500 voluntarily. This receipt will be accounted for as

  • Question 8
    1 / -0

    AS-2 is not applicable in case of ___________.

  • Question 9
    1 / -0

    Which of these is an appropriation of profit?

  • Question 10
    1 / -0

    Membership fees earned is an item of ___________.

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