| 1 |
The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points: |
- A. Rs. 200 will be deducted
- B. Rs. 200 will be added
- C. Rs. 400 will be added
- D. Rs. 400 will be deducted
|
| 2 |
Net Profit is transferred to |
- A. Trading Account
- B. Balance Sheet
- C. Capital a/c
- D. Trial Balance
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| 3 |
The const concept applied only to the assets and not to: |
- A. Expenses
- B. Liabilities
- C. Incomes
- D. None of these
|
| 4 |
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
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| 5 |
The creditor of the business are called: |
- A. Assets
- B. Liabilities
- C. Capital
- D. Income
|
| 6 |
Cash account is a: |
- A. Personal account
- B. Real account
- C. Nominal account
- D. Both real and personal account
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| 7 |
Rent account' is a kind of: |
- A. Real account
- B. Personal account
- C. Nominal account
- D. <div>Capital account</div>
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| 8 |
Goods withdrawn by the proprietor for personal use should be credited to |
- A. Purchase a/c
- B. Drawings a/c
- C. Expenses a/c
- D. Revenue a/c
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| 9 |
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
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| 10 |
In adjusting the cash balance one of the following is not taken into account: |
- A. Mistakes in the cash book
- B. Mistake in the bank statement
- C. Interest and dividends credited in the bank statement
- D. None of the abvove
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