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Accountancy
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Question-1
Pick the odd one and state reason
(A)
Locker rent and clock room rent from members
(B)
Receipt from sale of refreshment, dinner coupons and other soul function
(C)
Interest received on fixed deposit
(D)
Life membership subscription
Question-2
Life membership fee should be shown on the _________ side of balance sheet
(A)
Assets
(B)
Liability
(C)
Both side
(D)
Unaffected
Question-3
Membership fee is of ____________ nature
(A)
Revenue
(B)
Capital
(C)
Both of these
(D)
None of these
Question-4
Capital fund cannot be withdrawn by the____________
(A)
Members
(B)
Owners
(C)
Creditors
(D)
None of these
Question-5
Any money received by the non-trading concern for performing a specific activity in the years to comes in is called __________
(A)
Legacies
(B)
Entrance fee
(C)
Donation
(D)
Endowment fund
Question-6
Income and expenditure account is prepared on _____________ principle based on matching concepts
(A)
Materiality
(B)
Accrual
(C)
Both of these
(D)
All of these
Question-7
The profit on sale of fixed asset is credited to_______________account
(A)
Income and expenditure account
(B)
Capital
(C)
Balance sheet
(D)
None of these
Question-8
Subscription received in advance on the opening date is
(A)
Added to subscription
(B)
Shown on the liabilities side of opening balance sheet
(C)
Added to subscription and shown on the liability side of opening balance sheet.
(D)
None of these
Question-9
Institution which render service to its members and to the society with or without the objectives of making profit is known as
(A)
Non Trading organization
(B)
Trading concerns
(C)
Non profit organization
(D)
None of these
Question-10
__________ is membership fee paid by the members on annual basis
(A)
Legacies
(B)
Subscription
(C)
Donation
(D)
All of these
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Plus 1 Commerce
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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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