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Author Topic: Help accounting MCQ  (Read 1910 times)

Offline moon

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Help accounting MCQ
« on: October 14, 2010, 09:29:41 pm »
can u plz help me in questions no. 6,11, 16,22,23,24,30,32,33,39 Nov.06 ppr1
Thanx in advance.
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Offline SauD~

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Re: Help accounting MCQ
« Reply #1 on: January 17, 2011, 08:44:31 am »
6. B  how---> Old capital + capital introduced = New capital -- then --> Capital - Drawings = New Capital
                    23,000 + 2500 = 25500  ---------------------------------> 25500 - 1500 = 24000

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Offline SauD~

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Re: Help accounting MCQ
« Reply #2 on: January 17, 2011, 09:25:37 am »
11. B,  as trade discounts are shown on invoice and cash discounts in P&L

16. C   as Opening balance is added to purchases and closing balance is subtracted ;)

22. B

23. B   Same as the 16 number :)

24. D   Prepaid for 2006

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