The trading account does not include:

account 2nd CA

Quiz
•
Business
•
2nd Grade
•
Hard
RODIAT AMBALI
Used 1+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Carriage inward
Direct expenses
Indirect expense
Closing stock
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following does not appear in a Trading Account?
Sales
Gross profit
Rent expenses
Opening stock
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The opening stock of a business is recorded on the:
Debit side of the Trading Account
Credit side of the Trading Account
Liabilities side of the Balance Sheet
Assets side of the Balance Sheet
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-- can be used to identify the journal entries.
Account details
Single colum
Pin code
Folio number
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A specific amount given to petty cashier is called --
A petty cash
Fixed cash
Float
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Petty cash book must be included in the --
Cash book
Folio
Trading account
Trial balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major thing that makes double column cash book different from three column is the inclusion of --
Bank
Bank and cash
Discount
Discount and cash
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