Question # 1

In single entry it is not possible to prepare

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Trial balance

Trading account

Profit and loss account

Balance sheet

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

Not worth method is equal to.

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Liabilities - assets

Assets- liabilities

Capital + assets

None of these

The persons who have entered in partnership are collctive called.

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A firm

Agents

Partners

Promoters

In single entery system only.

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Personal account are maintained

Real account are maintained

Nominal accounts are maintained

None of the above

North worth of an organizaton means the excess of its total assets over total.

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Liabilities

Income

Expenses

None of the above

the activities of non -trading concern are managed by the.

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Directors

Member

governing body

Promoters

If the credit side of the income oand expenditur eaccount is greater it is termed as.

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Deficit

Surplus

Asset

Liability

The documents which contains the rules and regulation for the internal management of the company is called.

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Prospectus

Articles of assocaition

Memorandum of association

Notice

Consignment signifies.

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Goods despatched by the owner to his agent

Goods forwarded by the creditor to his debtor

Goods forwarded from one place to another

Goods sent by the owner to his agent for the purpose of sale.

Under aunuity method, the annual charger for depreciation wil be debited to.

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Assets account

Depreciation account

Interest account

None of these

An income and expenditure account is.

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Normal account

Real account

Persoanl account

None of these

Bills payable issued durint the period must be debited to total creditors account credited to.

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Bills payable account

Bills receivable account

Debtora account

Cash account

The debentures which are payable to bearere, are termed as.

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None transfereble

Registered debentures

Bearer debentures

Non - bearere debentures

In case of Garner Vs. Murray rule, the decision was given is.

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Mr. Justice james

Mr Garner

Mr. Justice joyee

Mr. Murray

The sum total of the nominal vaue of shares of company is called is.

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Issued capital

Subscribed capital

Share capital

Called up capital

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