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Mcq on subsidiary books

    COMMERCE DADA YT   Subsidiary Books   1. The balance on the debit side of bank column in cash book indicates. A. Total amount withdrawn from bank                        B. Total amount deposited in the bank C. Cash at bank                                                                   D. None of these   2. The balance of cash column is always A. Debit                             ...

Mcq on retirement of partners

                    COMMERCE DADA Retirement Of Partners   1. On retirement of a partner’s the amount of General Reserve is transferred to all partner’s capital account in: (a) New Profit Sharing Ratio.                                                     (b) Capital Ratio (c) Old Profit Sharing Ratio.                                                        (d) None of these   ...