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Accountancy
Business Studies
Computer Science
English I
Economics
English II
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Question-1
_______________ are those amount in which a non-trading concern will receive as per will be of a deceased person
(A)
Subscription
(B)
Legacies
(C)
Entrance fee
(D)
Environment fund
Question-2
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-3
The capitalized potion of entrance fee should be
(A)
Deducted from capital fund
(B)
Added to capital fund
(C)
Shown on the asset side of the balance sheet
(D)
None of these
Question-4
A donation not received for a specific purpose is called as a _____________ donation
(A)
General
(B)
Specific
(C)
None of these
(D)
All of these
Question-5
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-6
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-7
Membership fee is of ____________ nature
(A)
Revenue
(B)
Capital
(C)
Both of these
(D)
None of these
Question-8
When any donation is received for any specific purpose, it is termed as a ______ donation
(A)
General
(B)
Specific
(C)
None of these
(D)
All of these
Question-9
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-10
Spot out the odd on and state reason
(A)
Annual membership subscription
(B)
Admission fee not capitalized
(C)
Receipts from sale of old news papers and magazines
(D)
Donation from outsiders or members for specific purpose
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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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