Qualification > Commerce

Help accounting MCQ

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moon:
can u plz help me in questions no. 6,11, 16,22,23,24,30,32,33,39 Nov.06 ppr1
Thanx in advance.

SauD~:
6. B  how---> Old capital + capital introduced = New capital -- then --> Capital - Drawings = New Capital
                    23,000 + 2500 = 25500  ---------------------------------> 25500 - 1500 = 24000

SauD~:
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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