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Accounting MCQs — Test 9

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Question 1
Which of the following is not depreciated?
Question 2
____________is also known as Appraisal system of depreciation?
Question 3
When a person purchasing goods on credit he becomes a_________in the books of the seller?
Question 4
Cost of goods sold excludes___________?
Question 5
Tax deducted at source A/c appears in___________?
Question 6
Investment in own share A/c appears in____________?
Question 7
If a company has contingent liabilities, they appear in the__________?
Question 8
Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?
Question 9
Which of the following is not classified as inventory in the financial statements?
Question 10
If actual bad debts are more than the provision for bad debts, then there will be a_____________?