Basic accounting quizzzz.....

CA. JAIN (Chartered Accountant) (466 Points)

03 November 2012  

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