Basic accounting quizzzz.....

1.a

2.a

3.a

4.b

Originally posted by : CA. JAIN
	1). whether is any stock ledger account is open under financial books...??? a)yes b)no   2)If the answer of 1 is yes then how much stock account are open....??? a)one... b)two..i.e opening and closing c)Nil   3)whether P&l is a ledger account....?? a)yes b)no   4)if answer of 3 is no,then whether any entry can be entered into P&l without posting in ledger accounts...?? a)yes b)No

WAITING FOR ANSWERS.............
 

Dear Deepak,

I have discuss all above question with lots of CAs and CAs students...bec i want to check my knowledge vis a vis others...by counter question...

Now we discuss above..

If stock account is not open in books,then how opening stock comes in TB..???

If stock account are open then which entry are posted(any one ) in stock ledger account...??

VERY FUNDAMENTAL QUESTIONS...

1. B

2. C

3. B

4. B

The answers are ....

1. b

2. c

3. b

4. b

I think....

1.a

2.a

3.a

4.b

As per my knowledge and opinion, the answers are...

1. a

2. a

3. a

4. b

1.a

2.a

3.b