Financial Accounting MCQs

A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

April 25, 2022

42 Views

A trader has made a sale of Rs.75,500 out of which cash sales amounted

Q. A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

A. Accrual

B. Going concern

C. Cost

D. Money measurement

Answer: Accrual

A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

Previous

Sales made to Mahesh for cash should be debited to

A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

Next

If wages are paid for construction of business premises.......A/c is credited and........A/c is debited

Related Articles

Sar Utha ke Jiyo is the tag line of –

Sar Utha ke Jiyo is the tag line of –

Bonds issued by Indian entities outside India but denominated in Indian rupees are known as

Bonds issued by Indian entities outside India but denominated in Indian rupees are known as

Fiscal policy is concerned with which of the following?

Fiscal policy is concerned with which of the following?

In which area, different accounting policies are adopted?

In which area, different accounting policies are adopted?

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.