| 1 |
The account of depreciation of building of Rs. 30,000 at 5% p.a. will be |
- A. Rs. 20,00
- B. Rs. 15,00
- C. Rs. 25,00
- D. Rs. 5,00
|
| 2 |
The balance of the 'Caha Column' in cash book is always: |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. None of the above
|
| 3 |
Rent account' is a kind of: |
- A. Real account
- B. Personal account
- C. Nominal account
- D. <div>Capital account</div>
|
| 4 |
Net profit is always |
- A. Equal to gross profit
- B. more than gross profit
- C. Less than gross profit
- D. None of these
|
| 5 |
Cash account is a: |
- A. Personal account
- B. Real account
- C. Nominal account
- D. Both real and personal account
|
| 6 |
Net Profit is transferred to |
- A. Trading Account
- B. Balance Sheet
- C. Capital a/c
- D. Trial Balance
|
| 7 |
Office rent is a |
- A. Financial Expense
- B. Abnormal Loss
- C. Management Expense
- D. Maintenance Expense
|
| 8 |
The const concept applied only to the assets and not to: |
- A. Expenses
- B. Liabilities
- C. Incomes
- D. None of these
|
| 9 |
Assets come into existence upon the happening of a certain event, are called: |
- A. Fixed assets
- B. Fictitious assets
- C. Floating assets
- D. Contingent assets
|
| 10 |
Profit & Loss a/c is prepared to ascertain |
- A. Gross Profit
- B. Net Profit
- C. Gross Loss
- D. Real Profit
|
