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Exams - CPT

Read many objective multiple choice questions of Exams - CPT in English. Practise online thousands of questions related to Exams - CPT. You can check online answer and try mock tests for Exams - CPT Questions provided in English.

 After re-issue of forfeited shares, the profit
remaining in the Share forfeiture A/c is
transferred to_____?

  • a
  • b
  • c
  • d
  • OOPS, your answer is incorrect

. If depreciation is excess charged by Rs.500 and
closing stock is understated by Rs.500, the net
profit will be _____ due to these errors?

  • a
  • b
  • c
  • d
  • OOPS, your answer is incorrect

 If wages are paid for construction of business
premises ______ A/c is credited and _____ A/c
is debited.?

  • a
  • b
  • c
  • d
  • OOPS, your answer is incorrect

 Insurance premium paid by a firm on the life
insurance policy of the partners will be ______?

  • a
  • b
  • c
  • d
  • OOPS, your answer is incorrect

If one of the cars purchased by a car dealer is
used for business purpose, instead of resale,
then it should be recorded by_____?

  • a
  • b
  • c
  • d
  • OOPS, your answer is incorrect

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