Which account is credited when Salary is paid by cheque?
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i. All indirect/operating expenses are transferred to _______ account. ii. Interest of proprietor’s drawing is credited to ________ account.
i. Profit and Loss A/c ii. Profit and Loss A/c iii. Net Loss iv. Trading A/c v. Statement
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Receipts and payments Account is a - (A) Personal Account (B) Real Account (C) Nominal Account
Correct option is: (B) Real Account
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Current Account is - (A) Personal Account (B) Real Account (C) Nominal Account (D) None of these
Correct option is: (A) Personal Account
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25) Following errors were detected from the books of accounts of Amar. Give journal entries to rectify them. 1) Rs 5000 paid for wages for erecting the plant were entered in the wages \( A / c \) 2) Paid Rs 2000 as salaries to Ramu but an amount was debited to his personal \( A / c \). 3) Rs 6000 received from a customer namely Dinesh is credited to Capital \( A / c \)
Journal Entries:- 1) Wages A/c Dr.5000 To Plant A/c 5000 2) Suspense A/c Dr.4000 ...
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i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.
i. Pay-in-slip ii. Overdraft iii. Cash credit iv. Overdraft v. Current Account vi. Stop payment request vii. Fixed Deposit Account viii. Withdrawal Slip ix. Bill of exchange
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i. Joint Stock Company opens Current Account. ii. Generally, no interest is paid by the bank on the Current Account.
i. True ii. True iii. True iv. False v. False vi. False vii. True viii. True ix. False x. False
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Rohan and Sohan earn salaries which are in the ratio of `3:4` respectively. Sohan saves `11%` of his salary and Rohan saves `18%` of his salary. If So
Correct Answer - Rs. 2835; Rs.36750
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Suba Rao started work in 1995 at an annual salary of Rs 5000 and received a Rs 200 raise each year. In what year did his annual salary will reach Rs 7
Correct Answer - year 2005
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Farhan opens a savings bank account on `5-5-2007` in UTI Bank by depositing Rs.1000. The interest paid by the band, if the closed her account on `4-1-
Correct Answer - Rs. 40.
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Meeta saves Rs 400 from her salary. If this is 10% of her salary. What is her salary?
Correct Answer - ₹ 40000
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