Business Administration (M.Sc)

Q: Income and expenditure account reveals?

(a) :  Cash in hand
(b) :  Surplus or deficiency
(c) :  Capital account
(d) :  All of these
(e) :  none
Answer:  Surplus or deficiency
Explanation:  

Q: The payment side of the cash book is under cost by Rs. 200 when overdraft as per bank statement is the starting point?

(a) :  Rs 200 will be deducted
(b) :  Rs 200 will be added
(c) :  Rs 400 will be added
(d) :  Rs 400 will be deducted
(e) :  none
Answer:  Rs 200 will be added
Explanation:  

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