Find out the causes of the popularity of Double entry system.
No accuracy before making of trial balance
Preparation of trial balance
Not suitable for small business
None of the above
_____________ accounts are those which are related to money's worth.
Real account
Nominal account
Personal account
None of these
Find out the additional capital introduced from the following information.
Capital on 1.4.2004 Rs 60,000
Profit or loss Rs 20,000
Additional capital introduced Rs 10,000
Drawings during the year Rs 12,000
Capital on 31.3.2005 Rs 81,000
Rs 72,000
Rs 13,000
Rs 81,000
Rs 51,000
Records the transaction in two related heads of account is known as ___________.
Single entry system
Double entry system
Trial balance
Rend paid is an example of ____________ account.
Personal
Nominal
Real
Which method is based on accounting equation?
Traditional
Modern method
English system
Find out the nature of account for Building?
Asset A/c
Capital A/c
Expenses A/c
Liability
Building account is classified under __________.
Rent paid is the nature of __________ account .
Asset
Expense
Income
________ accounts are those which relate to such things which can be seen or touched.
Tangible real
Intangible real
Both a and b
