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Accountancy 2 MCQs: 48 Questions & Answers in Faculty

48 Accountancy 2 MCQs in Faculty with answers & explanations. Page 3. Practice objective questions for competitive exams, interviews & self-assessment — free… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.

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Accountancy 2 MCQs: 48 Questions & Answers in Faculty

Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.

Total amount payable less its cash price is equal to -

Why opening statement of affairs is prepared?

Generally, depreciation on fixed assets is calculated on which balance?

Bad Debt Return is to be credited to which account?

Which account is to be prepared to find out sales on credit?

Creditors account is prepared to find out the -

Effect of dishonour of B/R is given

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