.... How to Find Your Subject Study Group & Join ....   .... Find Your Subject Study Group & Join ....  

We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Study Groups By Subject code Wise (Click Below on your university link & Join Your Subject Group)

[ + VU Study Groups Subject Code Wise ]  [ + COMSATS Virtual Campus Study Groups Subject Code Wise ]

Looking For Something at vustudents.ning.com? Search Here

Which of the following business publishes the Financial Statements?


Select correct option: 




 Public Limited Company



While preparing the profit and loss account, "Carriage Inwards" is allocated and apportioned to the different departments on the basis of:


Select correct option: 



 Sales by each department

 Number of employees

 Area occupied by each department

 Purchases by each department



Capital fund of Non-trading concern is equal to:


Select correct option: 

 Assets + Income

 Assets + Liabilities

 Expenditure + Liabilities

 Assets – Liabilities







Under single entry system, which of the following is prepared in order to have an idea about the financial position on a particular date?


Select correct option: 



 Balance sheet

 Stement of equity

 Statement of affairs

 Profit and loss account



Which of the following is the contra item for Purchases ?


Select correct option: 




 Sales return

 Purchases return

 Provision for doubtful debts



Provision for income tax would be treated in balance sheet as:


Select correct option: 



 Non-Current Liabilities

 Current Liabilities

 Contingent Liabilities

 Medium Term Liabilities





Which of the following consist of money owing for goods supplied to the firm and for expenses & loans? 


Select correct option: 










In the books of head office, the closing balance of branch creditors appear in the:


Select correct option: 



 Debit side of the creditor account

 Credit side of the head office account

 Debit side of the branch account

 Credit side of the branch account





Which of the following would be credited for increasing the provision for deferred tax?


Select correct option: 


  Income tax expenses a/c

 Deferred tax liabilities a/c

 Provision for liabilities a/c

 Provision for income tax a/c



Share This With Friends......

How to Find Your Subject Study Group & Join.

Find Your Subject Study Group & Join.

+ Click Here To Join also Our facebook study Group.

This Content Originally Published by a member of VU Students.

+ Prohibited Content On Site + Report a violation + Report an Issue

+ Safety Guidelines for New + Site FAQ & Rules + Safety Matters

+ Important for All Members Take a Look + Online Safety

Views: 94

See Your Saved Posts Timeline

Replies to This Discussion

Some of the answers can be wrong 

YOu can re-check and tell me also



A quality education changes lives & start with you.

Forum Categorizes

Job's & Careers (Latest Jobs)

Admissions (Latest Admissons)

Scholarship (Latest Scholarships)

Internship (Latest Internships)

VU Subject Study Groups

Other Universities/Colleges/Schools Help

    ::::::::::: More Categorizes :::::::::::

Member of The Month

© 2018   Created by + M.TariK MaliC.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service