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This is third set on Bill of Exchange . After depreciation and ledger, here is another test for topic “Bill of Exchange” which is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque which is also a bill of exchange drawn on a banker and payable on demand.Bills of exchange are [...]
After depreciation and ledger, here is another test for topic “Bill of Exchange” which is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque which is also a bill of exchange drawn on a banker and payable on demand.Bills of exchange are used primarily in international trade, and are [...]
After depreciation and ledger, here is test for topic”Bill of Exchange” which is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque which is also a bill of exchange drawn on a banker and payable on demand.Bills of exchange are used primarily in international trade, and [...]
Depreciation in accountancy is very important concept to mean the decrease in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle).Thus , decrease in value of asset affects values of businesses and entities whereas allocation of cost over period of time latter [...]
After the quiz on ledger , now its time for Bank reconciliation statement which is prepared as a settlement of records between the balance per financials books and the balance per the bank statement. The process of accounting bank statement reconciliation is essential because of the many timing differences and errors in the recording process between [...]
A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The purpose of a trial balance is to prove that the value of all the debit value balances equal the total [...]
Here is another set of questions set on CBSE class XI accountancy. This time chapter on Ledger is covered. Previously ;recording of transactions Part 1 , Part 2 were covered. So , enjoy the test on 10 more objective question to check your preparation on this chapter Ten Questions on Class XI Accountancy-Ledger
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