Which is the benefit of expenditure is exhausted within a year?
Revenue expense
Revenue expenditure
Revenue Income
Sales revenue
Which of the following is not a business transaction.
Bought furniture of Rs 10,000 for business
Paid for salaries to employers Rs 5000
Paid sons fees from her personal bank account Rs 20,000
Paid sons fees from business Rs 2000
Accounting ___________ the preliminary records provided by book keeping.
Processes
Provides
None of these
Both of these
Which one is the gross receipts which increases capital on one hand and also assets on other hand.
Revenue
Expenditure
Income
Spot out the odd one and state reason.
Cost of sales
Depreciation
Salary paid
Dividend received
Goods are sold to Shyam, he will pays the price in future. Till then he is called
Debtor
Creditor
Both a & b
Which accounting assists keeping a systematic record of financial transactions?
Management A/c
Financial A/c
Cost A/c
Which system of accounting is followed by government organization
Cash basis
Accrual basis
Credit basis
Debit basis
____________ include the things which are bought for the purpose of resale at a profit.
Goods
Asset
Liabilities
Expenses incurred for acquiring fixed assets
Capital expenditure
Normal expenditure
Different expenditure
