Questions & Answers

Today we’ll learn “25 Short Questions and Answers- Rectification of Errors.” You’ll get a basic idea of rectification of errors if you read it from top to bottom with proper…

Today we’ll learn “35 Short Questions and Answers- Plant Assets and Depreciation.” Plant assets have specific sizes and forms and are not intended to be sold to customers and are…

Accounting principles are of immense importance in accounting. Accounting principles are followed in the preparation of the statement of comprehensive income and the statement of financial position. Today we’ll learn…

Today we’ll learn “35 Short Questions and Answers-Receivables.” The concept of Receivables is very important in Accounting. For any company that sells goods or services on credit, the management of…

Today we will learn “30 Short Questions and Answers-Financial Statement.” Financial statements have an important place in the accounting information system. Every business organization prepares a financial statement to determine…

Today we’re going to learn about the “25 Short Questions and Answers-Bank Reconciliation Statement” The balance of the bank statement and the bank balance of the cash book should be…

Today we’re going to learn about the “25 Short Questions and Answers – Trial Balance” The 5th step of the accounting cycle is the preparation of the trial balance. The…

Today we’ll learn about “25 Short Questions and Answers-Cash Book.” In any business organization, the importance of a cash book is immense. Business and cash are inextricably related. Cash is…