21. Amount received during the course of trading operations are called
22. WhichÂ transaction is one where in items are exchanged for other items.
23. WhatÂ represents the amount invested by owner in to business
24. Transit items may either be
25. A shipment of goods by a manufacturer to an agent tobe sold by him on commission basis on the riskÂ Â Â Â and account of the former calledÂ -------------------
26. Pass entry for consignors expenses
27. The person who send the goods to the agent to be sold by him on commission is calle
28. The head office prepares a combined balance sheet calledÂ -----------------Â
29. Any amount spend on increasing the earning capacity of a business is known asÂ Â
30. Expenditure incurred during one year known asÂ Â
MCQ Multiple Choice Questions and Answers on Financial Accounting
Financial Accounting Question and Answer
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