Carriage outward is shown in: MCQ with Answer and Explanation

Question
Carriage outward is shown in:
A. Profit & Loss A/c
B. Manufacturing A/c
C. Trading A/c
D. Balance Sheet
Answer: Option A
Solution (By JKSSB Mock Tests)
Carriage outward is a selling and distribution expense, so it appears in Profit & Loss Account.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
Which accounting standard deals with the presentation of financial statements?
A. AS 10
B. AS 1
C. AS 2
D. AS 9
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
AS 1 'Disclosure of Accounting Policies' deals with the classification and presentation of financial statements and the disclosure of accounting policies.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
A credit balance in the Income and Expenditure Account of an NPO indicates:
A. Deficit (Excess of Expenditure over Income)
B. Capital Fund
C. Surplus (Excess of Income over Expenditure)
D. Cash in hand
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
An Income & Expenditure Account is a nominal account. A credit balance means incomes exceed expenses, resulting in a Surplus.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Kaizen Costing' focuses on:
A. New product design
B. Discontinuing products
C. Continuous improvement and cost reduction during the production phase
D. Capital budgeting
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Kaizen is a Japanese concept of continuous small improvements.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Science 4430 Maths 5575 History GK 3374 Computer 5279 English 15164
Practice Mix
Which soil is generally found along the foothills of the Himalayas?
The Coromandel Coast receives most of its rainfall from:
Which of these is a famous folk dance of Tripura?
The 'BCCI' stands for:
What does the term 'cache hit' refer to?