Accounting Objective Questions and Answers

995. Double Entry System was propounded by-

996. The standard is contained in the cost method-

997. Which of the following assets does not depreciate?

998. When a goodwill account is raised at the time of admission of a new partner, credit is given to old partners in their:

999. Which of the following financial statements shows the movement of cash and cash equivalents during an accounting period?

1000. Which of the following is freely transferable:

1001. When a company buys its own debenture as an investment, the debenture account is debited with

Accounting MCQs