Question # 1

The face value of the share is also known as.

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Book value

Par value

Market value

None of these

The main sources of income of for on -trading concern is.

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Subscriptions

Donations

Sales

Dividends on investment

The figure of the bills receivable can be worked out from.

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Total debtors account

Total creditors account

Trail balance

Balance sheet

Non-profit making organization is also known as

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Non-profit seeking concern

Non-trading concern

Trading concern

"a" and "b"

Realizaton account is a.

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Nominal account

Real account

Personal account

Cash account

The method is specially suited to natural surces is said to be

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Annuity method

Depletion method

Revalution method

Sum of digit method

Under the straight line method of charging depreciation, the amount of deperciation .

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Decrease every year

Increase every year

Remain constant every year

None of the above

Amount received by the way of gift from any person or organization is called.

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Donation

Subscription

Legacy

None of these

Partnership is formed under the act of.

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1984

1932

1912

1962

To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,

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Balance sheet

Trading account

Trial balance

Statement of affairs

Income and expenditure account is usually accompanied by.

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Trail balance

Balance sheet

Cash book

None of these

Surplus balance cna be shown in the balnce sheet as.

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Asset

Liability

Owner's equity

None of these

Receipts and payments account shows

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Debit and credit balances of ledgers

Incomes and expenditures

Cash receipts and payments

Assets and liabilities

In case of public company minimum number of members is.

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Six

Seven

Ten

Fifty

Non-profit seeking organizations prepare

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Manufacturing account

Trading account

Income and expenditure account

Profit and loss account

Depreciation fund method is also known as.

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Sinking fund method

Annuity method

Sum- of year's digit method

None of these

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