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This is the basic concept of accounting. According to this concept, every financial transaction involves a two-folded aspect, (a)yielding ... -
Illustration 1 Rectify the following error and find out the effect of the errors on Net Profit. a. Purchases of Rs.300 from Raman passe...
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Classify the following accounts into (a) personal accounts, (b) real accounts, and (c)nominal accounts: Furniture Account Salaries Acc...
A nice One =) Reminds me of my freshman year
ReplyDeleteThanks to all for the participation in the Accounting Quiz 1.
ReplyDeleteBelow are the answers to the Quiz.
1.True
2.Liabilities
3.True
Keep watching for Quiz 2.