PakistanBix

(A) Accrued income represent income unearned but realized in cash
(B) Accrued income represent income earned but not realized in cash
(C) Accrued income A/c is shown on the liability side
(D) No tax is payable on accrued income

(A) Balance Sheet
(B) Trading and Profit and Loss A/c
(C) Cash Flow Statement
(D) Statement of Affairs

(A) All the customers are individually debited and the sale or return account is credited with the periodical total of the Sale or Return Day Book,
(B) All the customers are debited in total and the sale or return account is credited with the periodical total of the Sale or Return Day Book.
(C) All the customers are individually debited and the sale or return account is also credited with the individual total of the Sale or Return Day Book.
(D) None of the above.

(A) Initially in the Sale or Return Ledger. Thereafter, in the Sale or Return Day Book
(B) Initially in the Sale or Return Day Book. Thereafter, in the Sale or Return Ledger
(C) Only in the Sale or Return Day Book
(D) Only in the Sale or Return Ledger

(A) Drawer
(B) Drawee
(C) Both
(D) Bank

(A) Sum of Years‘ Digit Method
(B) Production Method
(C) Written Down Value Method
(D) None

(A) Errors of principle
(B) One sided errors
(C) Compensating errors
(D) All types of errors