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Accountancy
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English I
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Question-1
Accrued incomes comes under __________.
(A)
Current liabilities
(B)
Current assets
(C)
Fixed Assets
(D)
Long term liabilities
Question-2
Another name of cartage is _______.
(A)
Carriage on purchase
(B)
Freight
(C)
Carriage inwards
(D)
All of these
Question-3
For the preparation of ________ it is not necessary to close the accounts.
(A)
Profit & Loss A/c
(B)
Trading a/c
(C)
Balance sheet
(D)
Trial Balance
Question-4
Net Loss will be _________ from the Capital account.
(A)
Debited
(B)
Deducted
(C)
Both a and b
(D)
None of these
Question-5
__________ is a direct expenses
(A)
Dock dues
(B)
Salary
(C)
Commission
(D)
Interest
Question-6
Rahul's trial balance provide you the following information debtors Rs. 80,000 Bad debits Rs.2,000 Provision for Bad debits 4,000. It is derived to maintain a provision for bad debt of Rs. 1.000. State the amount to be debited/credited in profit and loss account.
(A)
Rs. 5,000 (debit)
(B)
Rs. 3,000 (Debit)
(C)
Rs. 1,000 (credit)
(D)
None of these
Question-7
Expenses which are incurred for bringing the goods, purchased from the place of vender to won shop or factory are called _________.
(A)
Carrying expenses
(B)
Fright
(C)
Carriage inwards
(D)
All of these
Question-8
The realizable value of the scrap is credited to the _________ A/c.
(A)
Manufacturing
(B)
Trading
(C)
P & L a/c
(D)
Balance sheet
Question-9
Spot out the odd one and state reason_____________
(A)
Profitability position
(B)
Safely of funded debt
(C)
Operating and financial soundness
(D)
Growing potential
Question-10
Investors have to review the _________ of the business to take an investment decision.
(A)
Performance
(B)
Profitability
(C)
Long term and short term financial soundness
(D)
All of these
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Plus 1 Commerce
ICSE/ISC
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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