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Financial Forensics · Quiz 1 · 26 Feb 2023 · January 2023 term · Set QPE2

Question 20: Goods costing ₹ 19,000 was taken by the owner from busin…

Question 20

+1 markOne correct option

Goods costing ₹ 19,000 was taken by the owner from business for personal use. The value of the goods taken by the owner will be treated as __________ in the books of the company

  1. A

    Expenses

  2. B

    Income

  3. C

    Liability of the company

  4. D

    Drawings by the owner

Show answer

Correct answer

  • D

    Drawings by the owner

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Question 20 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 26 Feb 2023, in the January 2023 term (IIT M DEGREE AN4 EXAM QPE4 26 Feb 2023). It carries 1 mark.

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