What is the other name of incomplete entry?
Single
Double
Dual
Triple
Which account is usually prepared to find out the capital?
Balance sheet
Statement of affairs
Final account
Trading
Statement of affairs is prepared in the time of:
Full set of accounts maintained
Full set of accounts not maintained
As per government instruction
As per the MOA
Where will you get information about opening stock?
List of opening assets
List of closing assets
Sales
Income
Amount received from debtors is:
Equal to credit sale
Does not equal to credit sale
It might be equal
Depend upon the firm
The number of times a business replaces its stock in a given period of time.
Mark-up
Balance
Margin
Stock in turn over
Margin is a:
Cost price
Selling price
Invoice price
Detached price
Which one is a method of ascertaining the profit and loss of a firm?
Statements of affairs
Profit & loss account
Single entry
Double entry
Capital = ?
Asset + Liabilities
Income + Revenue
Asset - Liabilities
Asset + Income
Source of information about bills payable:
Bills receivable account
Bills payable account
Purchases
Incomes
