_____________ accounts are those which are related to money's worth.
Real account
Nominal account
Personal account
None of these
In which system, every transaction needs at least two persons?
Single entry system
Double entry system
Trial balance
If the capital of a business is Rs 70,000 and outside liabilities are Rs 80,000. Find out the total assets of the business.
Rs 1,00,000
1,50,000
75,000
1,25,000
Of the following account types, which would be increased by a debit?
Liabilities and expenses
Assets and equity
Assets and Expenses
Equity and revenues
_____________ are those which related to things which can be seen or touched.
Tangible real A/c
Intangible real A/c
Both a & b
Traditional approach of accounting is also called as __________ approach.
American
Modern
Accounting equation
British
If the capital of a business is Rs 3,00,0000and other liabilities are Rs 2,00,000. Calculate the total asset of the business.
Rs 1.00.000
Rs 3,00,000
Rs 5,00,000