Interest on partners' capital is: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
The 'Digital Rupee' (e₹) is issued by:
Correct Answer: Option D
Explanation:
CBDC (Central Bank Digital Currency) is issued by the RBI.
CBDC (Central Bank Digital Currency) is issued by the RBI.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
The system of accounting where revenue is recognized only when cash is received is:
Correct Answer: Option D
Explanation:
Under the cash basis of accounting, transactions are recorded strictly upon the actual receipt or payment of cash.
Under the cash basis of accounting, transactions are recorded strictly upon the actual receipt or payment of cash.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
In the Indian Financial System, Treasury Bills (T-Bills) are issued by:
Correct Answer: Option D
Explanation:
T-Bills are short-term debt instruments issued by the Reserve Bank of India on behalf of the Government of India to meet short-term liquidity needs.
T-Bills are short-term debt instruments issued by the Reserve Bank of India on behalf of the Government of India to meet short-term liquidity needs.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!