A. | As and when they occur |
B. | On the basis of actual receipt and payment of cash |
C. |
On confirmation of orders but before the delivery of goods take place
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D. | All of the above |
Option: A Explanation : Click on Discuss to view users comments. |
A. | a b c d I I II III |
B. | a b c d II II I III |
C. | a b c d II I II IV |
D. | a b c d I II III IV |
Option: D Explanation : Click on Discuss to view users comments. |
A. |
Treated as the drawings and is shown by way of deduction from the capital account
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B. | Taken to the Trading Account |
C. | Taken to the Profit and Loss Account |
D. |
Taken to the Balance Sheet and is shown as an asset
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Option: A Explanation : Click on Discuss to view users comments. |