Multiple Choice Questions on treatment of octroi ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

treatment of octroi ........

General Accounting Principles Accounting cycles
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    treatment of octroi

    credited to P/L a/c

    Incorrect Answer

    debited to trading a/c

    Correct Answer

    debited to P/L  a/c

    Incorrect Answer

    credited to trading a/c

    Incorrect Answer
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    Explanation:

    octroi is levied by the municipal commiittee when the goods enter the city and hence debited to trading a/c

    By: SWAPNIL AGGARWAL
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