A. Profit
B. Income
C. Expense
D. Drawing
Related Mcqs:
- Cash brought by the owner to start business is called__________??
- _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use??
- If the business’s owner withdraws cash for his/her personal use what will be the effect on capital??
- Drawings by owner of business are generally recorded on which of the following side of a cash book??
- Introduction capital by owner of business is recorded on which side of a cash book??
- Profit on sale of old plant is:___________??
- Payment of rent expenses is recorded on which side of cash book??
- The closing balance of petty cash book is considered as_________??
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
- Capital gains are
