Q.1
Capital expenditures are recorded in the
Q.2
Recovery of bad debt is a
Q.3
No journal entry is required to be passed when there is
Q.4
There must be a gap of at least ___ month between two calls
Q.5
The basic consideration(s) in distinction between capital and revenue expenditure is/are
Q.6
"Treating a revenue expenditure as a capital expenditure" is an example of
Q.7
If an effect of an error is cancelled by the effect of some other error, it is commonly known as
Q.8
Liability for bill discounted is a
Q.9
Interest on debentures is calculated on
Q.10
The parties to joint venture are called
Q.11
The owner of consignment stock is
Q.12
Which account is the odd one out?
Q.13
X draws a bill on Y. X endorsed the bill to Z. ____ will be the payee of the bill.
Q.14
___ days of grace are allowed in case of time bills, for calculating date of maturity
Q.15
A company cannot issue redeemable preference shares for a period exceeding
Q.16
The following error will affect the Trial Balance
Q.17
Which reserve is not shown in the Balance sheet?
Q.18
Which liability is not included in the total of Balance Sheet?
Q.19
Bills receivable is a
Q.20
The party who sends the goods for sales on fixed commission basis is known as
Q.21
Difference of total of debit and credit side of the trial balance is transferred to
Q.22
Municipal tax Rs.6000 under dispute is a
Q.23
Which of the following is a long term liability?
Q.24
Drawing is a type of
Q.25
Profit is a part of
Q.26
Under diminishing balance method, depreciation
Q.27
Legal expenses incurred on a suit for breach of contract to supply goods is a
Q.28
Income includes
Q.29
Cash Account is
Q.30
Heavy amount spent for the advertisement of new company product is
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