The capital of non trading concerns are called____________
Capital fund
Owners Equity
Share capital
Debentures
Kamala's Account is classified under _________ personal account.
Natural
Artificial
Representative
None of these
Accounts of corporate bodies or institutions which are recognized as persons in business dealings is ________ A/c.
Natural personal account
Artificial personal account
Representative personal account
The outgoing aspect of a transaction is called ________ aspect.
Debit
Credit
Both a and b
Find out the intangible real Account from the following
Building A/c
Patent Account
Furniture A/c
Land A/c
Find out the assets at the end of the year from the following information.
Capital at commencement of business Rs 1,00,000
Liabilities at the end Rs 70,000
Sales during the years Rs 3,50,000
Cost of sales during the year 3,00,000
1,50,000
2,20,000
1,60,000
1,25,000
Subash's Account is classified under _________ account.
Artificial Personal Account
Natural Personal Account
Representative Personal Account
Lohia Machine limited Account is classified under ___________ Account.
Personal Account
Real Account
Nominal Account
None of the above