1441. The unsold stock at the end of the year represents the :

A. Opening stock
B. Opening purchases
C. Closing stock *
D. Closing purchases

1442. Which of the following correct adjusting entry passed at the end of the year on account of closing stock :

A. Profit and loss account XX to closing stock XX
B. Closing stock account XX to closing stock account XX
C. Trading account XX to closing stock account XX
D. Closing stock account XX Dr to trading account XX Cr *

1443. Commission received in advance is to consider as :

A. Outstanding expense
B. Accrue income
C. Prepaid expense
D. Unearned income *

1444. Unpaid salaries are to be consider as :

A. Outstanding expenses *
B. Accrued income
C. Prepaid expenses
D. Unearned income

1445. Insurance premium paid in advance is :

A. An outstanding expense
B. An accrued income *
C. A prepaid expense
D. An unearned income

1446. Interest due but not received is :

A. An outstanding expense
B. An accrued income *
C. A prepaid expense
D. An unearned income

1447. Rent due but not paid is to be :

A. An outstanding expense *
B. An accrued expense
C. A prepaid expense
D. An unearned income

1448. Discount to be received is :

A. An outstanding expense
B. An accrued income *
C. A prepaid expense
D. An unearned income

1449. Bill for repairs not yet paid to :

A. An outstanding expense *
B. An accrued income
C. A prepaid expense
D. An unearned income

1450. In balance sheet rent outstanding should appear on :

A. Asset side
B. Liabilities side *
C. Debit side
D. Both debit and credit side