| 1 |
A bill of exchange contains: |
- A. An unconditional order
- B. A promise
- C. A request
- D. A conditional order
|
| 2 |
A dealing between two persons is called a |
- A. business
- B. transaction
- C. purchases
- D. sales
|
| 3 |
The system of recording transaction based on dual concept is called |
- A. Double account system
- B. Double entry system
- C. Single entry system
- D. Management system
|
| 4 |
When cash is paid to creditors it will decrease |
- A. cash
- B. capital
- C. debtor
- D. cash & creditors
|
| 5 |
The accounts of expenses, incomes, losses and gains |
- A. real accounts
- B. valuation accounts
- C. nominal accounts
- D. personal accounts
|
| 6 |
The accounts of assets and properties |
- A. nominal accounts
- B. real accounts
- C. personal accounts
- D. valuation accounts
|
| 7 |
Ahmad's account is an example of |
- A. real account
- B. personal A/c
- C. nominal account
- D. none of these
|
| 8 |
Bookkeeping provides the |
- A. primary information
- B. secondary information
- C. final information
- D. insufficient information
|
| 9 |
Cash paid to Naeem will affect |
- A. cash & capital
- B. cash & creditor
- C. cash and debtors
- D. cash & goods
|
| 10 |
An expenditure incurred to the increases the profit earning of the concern is a: |
- A. Revenue expenditure
- B. Current expenditure
- C. Capital receipt
- D. Capital expenditure
|
