27 July 2009
State with reasons whether the following statements are true or false (i) Errors of omission will not affect Trial balance (ii) Piece rate method can be adopted in any industry. (iii) Credit sale of stationery by Bombay Stationery Mart will be recorded in Sales book. (iv) Fixed cost per unit changes and variable cost per unit is same. (v) The entry for bill of exchange discounted with the bank is passed in the books of drawee of the bill.
CAclubindia
