Tag: accountancy
Questions Related to accountancy
Which of the following detail is not included in Suppliers Master?
Which type of liability is loan from Bank and Financial institution?
__________ may be classified into shares and debentures which may be further classified into quoted and unquoted.
Non operating income means income from activity which is incidental to income from opearating activity.
The term ____________ means that the information of each customer and supplier is recorded once only and whenever any transaction entered with him is recorded, the detail of such customer or supplier is retrieved from the master and is not required to be fed again and again.
Customers Master or Suppliers Master is created for parties with whom the entity has regular dealing.
The recording of financial transactions through books of original entries is followed in ________ accounting system.
If the overhead to be absorbed was the foremans salary the most likely appropriate basis for absorption would be _______________.
Some accounting software will classify some accounts as "income" accounts, while accountants might refer to these accounts as "revenue" accounts. Justify your answer with the correct option.
Which category do you think an insurance loan would go under?