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Accountancy
Business Studies
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English I
Economics
English II
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Question-1
Choose the odd one from the following and state reason
(A)
Admission fee to the extent capitalized
(B)
Sale proceeds of fixed assets such as investment, furniture book, equipments etc
(C)
Legacies is the amount given to the organization under a will on the death of the contributors for specific purpose
(D)
Hall rent receive from outsiders
Question-2
In_______________ account opening and closing balance of cash and bank are not shown in it
(A)
Receipts & payments
(B)
Income and expenditure
(C)
Cash book
(D)
None of these
Question-3
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-4
Loss on sale of fixed asset is_________ to income and expenditure
(A)
Debited
(B)
Credited
(C)
None of these
(D)
Both of these
Question-5
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-6
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-7
Spot out the odd one and state reasons
(A)
Payments for the salaries wages and honorarium
(B)
Payments for traveling and conveyance
(C)
Payments made for rent, taxes insurance, electricity charges etc
(D)
Payments for construction and extension of building
Question-8
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-9
Which one is the odd one and state reason
(A)
Donation from outsides or members for specific purposes
(B)
Amount received as loan
(C)
Life membership subscription
(D)
Admission fee not capitalized
Question-10
Life membership fee should be shown on the _________ side of balance sheet
(A)
Assets
(B)
Liability
(C)
Both side
(D)
Unaffected
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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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