Multiple Choice Questions on The Balance sheet of Ram at end of 2013 and 2014 disclose investments in shares of Rs 2000 and Rs 30........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

The Balance sheet of Ram at end of 2013 and 2014 disclose investments in shares of Rs 2000 and Rs 30...........

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On March 2017, Rahim starts wholesaling business. Following transactions as follows : 1. Provide services to customers on account. 2. Purchase land by paying cash. 3. Purchase an insurance policy that will provide coverage for a two-year period. 4. Acquire cash by issuing common stock. 5. Receive payment from a customer for services that will be provided over the next six months. 6. Cash deposited into bank. 7. Purchased goods by cheque. 8. Drew cash from bank for office use. 9. Purchased goods from Miss Noreen. 10. Cash sales made. 11. Paid cash to Miss Noreen. 12. Recognize expense for amount of office supplies already in stock, that had been used during the period. 13. Discount Received by cash. 14. Drew cash from bank for personal use of proprietor. 15. Received cash from credit customer. 16. Paid rent by cash. 17. Furniture lost by fire Prepare the Trial Balance.

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