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Accountancy
Business Studies
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English I
Economics
English II
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Question-1
Spot out the odd one and state reason
(A)
Direct wages
(B)
Productive wages
(C)
Manufacturing wages
(D)
Trading account
Question-2
Profit and loss of the firm cannot be revealed through
(A)
Profit & Loss a/c
(B)
Balance Sheet
(C)
Trial Balance
(D)
None of these
Question-3
Wages is a ________ expenses
(A)
Direct
(B)
Indirect
(C)
None of these
(D)
All of these
Question-4
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-5
_____is the excess of sale proceeds over the cost of goods sold.
(A)
Gross profit
(B)
Net profit
(C)
Gross loss
(D)
Net loss
Question-6
____________ statements are those statements which shows the finical position and result of the business activities.
(A)
Income statement
(B)
Financial statement
(C)
None of these
(D)
All of these
Question-7
Carrying expenses is a ___________ expenses .
(A)
Direct
(B)
Indirect
(C)
None of these
(D)
Both of these
Question-8
At the time of preparation of trial balance, the valuation of closing stock is ____________
(A)
Optional
(B)
Compulsory
(C)
None of these
(D)
All of these
Question-9
Adjustment given outside the trial balance are shown _______ in final a/c to complete the accounting procedure.
(A)
Once
(B)
Twice
(C)
Thrice
(D)
None of these
Question-10
Royalty, if based on sale price of goods sold is charged to ______.
(A)
Trading a/c
(B)
Profit & Loss A/c
(C)
Balance sheet
(D)
None 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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