Download App

P1 C2 FINAL ACCOUNTS OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C2 FINAL ACCOUNTS OF PARTNERSHIP1 Mark
MCQ
Goods returned credit means$.....$
  • ✓
    purchase return
  • B
    sales return
  • C
    purchase
  • D
    sales
✓

Answer

Correct option: A.
purchase return

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C2 FINAL ACCOUNTS OF PARTNERSHIP→P1 C2 FINAL ACCOUNTS OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is the base for the valuation of goodwill?
→
The amount of premium received on issuing debentures at premium is$........$
→
Which is the first payment made from the realization of assets, at the time of the dissolution of a firm :
→
At the time of dissolution ? $20,000$ for machinery is shown in Balance sheet. No specification regarding its realisation has been made. What will be its accounting effect?
→
Trading Account and Profit and loss account are also known as$........$
→
Which debentures are like currency notes?
→
While calculating partner's gain or benefit, if answer comes to negative$(-),$ then can say that
→
Which of the following transaction is always transaction of operating activity ?
→
To which account balance of general reserve account is transferred at the time of dissolution of a firm ?
→
Total of Balance sheet as on $31 -3- ‘17$ and $31 -3-‘18$ are $Rs.28,00,000$ and $Rs. 42,00,000$ respectively. Percentage to total of Balance sheet of both’ year are $45 \%$ and $47.62 \%$ respectively, then determine the value of tangible assets as on $31-3-‘17.$
→