Financial Accounting MCQs

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

April 25, 2022

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

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

A. Cash, Premises

B. Wages, Cash

C. Premises, Cash

D. Cash, Wages

Answer: Cash, Premises

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

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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?

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

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