Subscription received but not yet earned is considered as an ____________.

  1. Home
  2. Back

Question:
Subscription received but not yet earned is considered as an ____________.

1.Asset

2.Liability

3.Income

4.Expenditure

Posted Date:-2022-01-04 11:33:49

More MCQS Questions and answers

  1. In statement of affairs assets are shown on the __________.
  2. In statement of affairs liabilities are shown on the __________.
  3. Under single entry system in net worth method opening capital is subtracted from _________.
  4. A branch set up merely for booking orders which are executed by head office is ____.
  5. A statement of affairs is just like a _________.
  6. All branch expenses such as rent salary are paid by the head office in case of _____.
  7. All personal real and nominal accounts are opened in ________.
  8. Balance sheet cannot be prepared ________.
  9. Branch which does not maintain its own set of books is ______________.
  10. Branches not keeping full system of accounting are ________.
  11. Dependent branch make _______.
  12. Difference between net worth at the beginning of the year and at the end of the year represents _________.
  13. Expenses which cannot be apportioned to department must be shown in the _____.
  14. Honorarium is a kind of remuneration paid to a person who is not the employee of a non-profit organization. Which of the following statements is true about the honorarium payment?
  15. In departmental accounts expenses like director fees interest is transferred to ______.
  16. In pure single entry which account is recorded?
  17. In single entry system net worth method is also called ________.
  18. Indirect expenses is also called____________.
  19. Only personal account and cash account are opened in ________.
  20. Opening capital can be found by preparing ________.
  21. Subscription received but not yet earned is considered as an ____________.
  22. The business policies and the administration of a branch are wholly controlled by the head office the type of branch is __________.
  23. The departmental accounting enables a business firm to maximize _________.
  24. The difference between goods sent by head office and received by the branch is known as ___________.
  25. Total creditors account is prepared to find out ___________.
  26. Trial balance can be prepared in _________.
  27. under branch account debtors system cash sales is shown in the _____________.
  28. Under branch accounts debtors system bad debts discount allowed to debtors is ________.
  29. Under branch accounts debtors system closing balance of assets are recorded in ________.
  30. Under branch accounts debtors system closing balance of liabilities are recorded in _________.
  31. Under branch accounts debtors system credit sales is _______.
  32. Under branch accounts debtors system goods sent to branch account is recorded in _________.
  33. Under branch accounts debtors system goods sent to branch account is recorded in _________.
  34. Under branch accounts debtors system loading on goods sent to branch adjusted in ________.
  35. Under branch accounts debtors system opening balance of assets are recorded in ____.
  36. Under branch accounts debtors system opening balance of liabilities are recorded in ___________.
  37. Under branch accounts debtors system the depreciation of an asset is _______.
  38. Under single entry system closing capital can be found by preparing a statement of affairs ____________.
  39. Under single entry system opening capital can be found by preparing a statement of affairs ____________.
  40. Under single entry system in conversion method a total debtors account is prepared to find out __________.
  41. Under single entry system in conversion method a total debtors account is prepared to find out ___________.
  42. Under single entry system in net worth method additional capital is deducted with __________.
  43. Under single entry system in net worth method drawings is added with _______.
  44. Under stock and debtors system of branch account branch adjustment account is opened when goods sent to branch is at ________.
  45. Under stock and debtors system of branch account the account prepared to record all the transactions relating to branch debtors is recorded in ________.
  46. Under stock and debtors system the head office opens _________.
  47. When goods are transferred from one department to other the department transferring the goods should be credited and department receiving the goods should be _________.
  48. When goods are transferred from one department to other the department transferring the goods should be ___________.
  49. When goods are transferred from one department to other department they are called __________.
  50. Which of the following is the accounting equation for a non-profit organization?
  51. Which of the following is to be recorded in an income and expenditure account?
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!