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Accountancy
Business Studies
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English I
Economics
English II
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Question-1
_________ is paid on goods manufactured and consumed in the country.
(A)
Excise duty
(B)
Import duty
(C)
Export duty
(D)
Octroi
Question-2
Financial statement present a true and fair view of the ________ of the business.
(A)
Profit/loss
(B)
Profitability
(C)
Assets/liabilities
(D)
All of these
Question-3
___________ are interested to known the profitability position as well as the short term and long term financial soundness of the company
(A)
Management
(B)
Government
(C)
Investors
(D)
Tax authorities
Question-4
_______ are liabilities which have not arrives but may arrive upon the happening of a certain event.
(A)
Contingent liabilities
(B)
External liabilities
(C)
Internal liabilities
(D)
None of these
Question-5
Account in balance sheet are to be arranged in order of either _________ or ___________.
(A)
Liquidity or permanence
(B)
Personal or nominal
(C)
Real or personal
(D)
None of these
Question-6
If advance sales tax is mentioned on the debit side of trial balance, it will be shown on the _________ side of Balance sheet.
(A)
Asset
(B)
Liability
(C)
Both side
(D)
Unaffected
Question-7
Expenses paid to increase the sale of goods are ____________.
(A)
Selling and distribution expenses
(B)
Office and administration expenses
(C)
Miscellaneous expense
(D)
None of these
Question-8
Spot out the odd one and state reason
(A)
Factory rent
(B)
Coal
(C)
Electricity and water
(D)
Freight
Question-9
Spot out the odd one and state reason
(A)
Direct wages
(B)
Productive wages
(C)
Manufacturing wages
(D)
Trading account
Question-10
Carrying expenses is a ___________ expenses .
(A)
Direct
(B)
Indirect
(C)
None of these
(D)
Both of these
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Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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