Equities are of __________ types.
One
Two
Three
Four
Paid salary Rs 800, this account will have to be
Debited
Credited
Both a and b
None of these
If the total assets of a business are 1,80,000 and capital is Rs. 80,000, find out current and long term liability of business.
Rs. 1,50000
2,60,000
Rs. 1,00,000
95,000
The increase in proprietor's account. Mention the nature of account.
Asset A/c
Liability A/c
Capital A/c
Expenses A/c
Debit what comes in and credit what goes out indicates the rule of ________ account.
Personal
Nominal
Real
All of these
Find out the Tangible real account from the following.
Trade mark A/c
Land A/c
Goodwill A/c
Patents A/c
If capital of a business is Rs. 1,30,000 and liabilities are 70,000 calculate total assets of business.
Rs. 60,000
Rs. 1,30,000
Rs. 70,000
Rs. 2,00,000
Regarding revenues as per American concept, debit indicates.
Any increase in profit
Any decrease in profit
Both of these
X commenced business on 1st April 2004, with a capital of Rs. 1,50,000. On 31st March, 2005 his assets were Rs. 2,80,000 and liabilities were Rs 100,000. Find out profit or loss earned during the year.
Profit Rs. 30,000
Loss 25,000
Profit 25,000
None of the above
__________ is the claim of third parties such as Creditors.
Owner's capital
Outsiders equity
