Home

Transfer to General Reserve is a charge against

A. Trading Account

B. Profit and Loss Account

C. Profit and Loss Appropriation Account

D. Balance Sheet

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  2. WIP stands for
  3. If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
  4. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  5. In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
  6. The aggregate of direct material, direct labour and direct expenses is known as
  7. Choose the odd one out
  8. The short description of a transaction written at the end of a journal entry is known as _______________.
  9. Any type of error affects the agreement of Trial Balance.
  10. The balance in the Cash Book represents net income.
  11. According to the Concept of Conservatism, an accountant should
  12. Which of the following equation(s) is(are) true
  13. Sale of Office Furniture should be credited to Sales Account.
  14. The life span of a company is dependent on the life span of the
  15. Depreciation cannot be provided in case of loss, in a financial year.
  16. WDV stands for
  17. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  18. An expenditure intended to benefit the current period is revenue expenditure.
  19. All indirect expenses are charged against
  20. Which of the following events is not a transaction?
  21. Fixed Assets are stated in the balance sheet at their market value.
  22. The basic unit of measurement of the accounting system is ______________.
  23. Capital of the business is an example of external liability.
  24. All credit sales are recorded in
  25. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  26. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  27. Cash payments are recorded on the _______________ of the Cash Book.
  28. Providing depreciation ensures sufficient cash for asset replacement.
  29. Trial Balance is prepared after the preparation of Profit and Loss Account.
  30. Cash is an example of