Financial Accounting MCQs

Cash A/c is a ……A/c

Which of the following is a Real A/c?

Sales –Gross Profit =

Capital A/c is a ……A/c

Cash a/c is a………

The Market price of good declined than the cost price. Then the concept that plays a key role is

If the Market value of closing Inventory is less than its cost price, inventory will he shown at

According to which concept, the proprietor pays interest on drawings

The policy of anticipate no profit and provide for all possible losses arise due to the concept of

Business enterprise is separate from its owner according to……concept