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TS GREWAL-FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP-MCQs
- Balance in Input IGST Account is shown
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- Balance in Output CGST Account is shown
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- Capital Expenditure and Revenue Expenditure
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- Capital Receipts and Revenue Receipts
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- Revenue Expenditure is transferred to
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- Revenue Income is transferred to
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- Capital expenditure is included in
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- Capital Receipts are shown in
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- Outstanding Salaries is shown as
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- Larger advertisement expenditure to introduce a new product is
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- Purchases of machinery for production is
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- Computers purchased for re-sale is:
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- Insurance premium paid to insure the machinery is
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- Expenses on overhauling a second-hand machine purchased is
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- If Capital and Revenue Expenditure are not distinguished
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- Opening Capital is Rs 1,50,000, Closing Capital Rs 2,75,000, Drawings ...
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- Curent liabilities are such obligations which are to be satisfied
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- Computers owned by a firm are classified as
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- Loss on sale of an old car is debited to
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- Sales are equal to
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