If a furniture is purchased for cash Rs 9,000. Cash Account should be ______.
Debited
Credited
Both a and b
None of these
Which accounts are related to incomes and gains?
Personal account
Nominal account
Real account
__________ is the claim of the owners against the assets of the business.
Owners capital
Outsiders equity
External liabilities
If total asset of a business are Rs. 1,20,000 and net worth Rs. 80,000 calculate creditors.
Rs. 10,000
Rs. 30,000
Rs. 40,000
Rs. 50,000
Find out the tangible real account from the following
Building
Trademark
Goodwill account
Patent Account
Find out the total assets at the end of the year from the following information.
a) Capital at commencement Rs. 80,000 Bank loan Rs. 50,000, profit during the year Rs. 25,000.
Rs. 1,00,000
Rs. 1,05,000
Rs. 1,55,000
Rs. 1,25,000
Impersonal accounts are classified into ___________ types.
One
Two
Three
Four
