Q.1
Revenue expenditures are recorded in the
Q.2
In case of opening Credit Balance, the word ______ are written on the credit side.
Q.3
Preliminary expenses are treated as
Q.4
Endorsement, discounting and collection of bills of exchange is made by
Q.5
The assumption underlying the fixed installment method of depreciation is that of ____ of the asset over its useful life
Q.6
_____ will generally show a debit balance
Q.7
Joint venture account is a
Q.8
Errors are _____ mistakes
Q.9
Petty cash is used for payment of
Q.10
Promissory note is prepared by
Q.11
Memorandum Joint Venture account is a
Q.12
_____ is not required in Promissory Note
Q.13
The concept that "an accountant shouldn't anticipate profit, but must provide for all losses"
Q.14
When the goods are returned to a supplier
Q.15
Bills receivable endorsed are debited to
Q.16
Profit & Loss account is prepared for a period of one year by following
Q.17
Which of the following enhances the earning capacity of an asset?
Q.18
Gross profit is equal to
Q.19
Which error cannot be revealed on the preparation of trial balance?
Q.20
Parties to a bill of exchange are
Q.21
Accommodation bill is drawn
Q.22
Loss leads to reduction in
Q.23
Transaction between business and owner are recorded following ____ concept
Q.24
One of the Fundamental accounting assumption is
Q.25
Patents accounts are
Q.26
Reserve capital means
Q.27
Revenue from sale of product ordinarily is reported as part of earning in the period
Q.28
Del-credere Commission is allowed to cover
Q.29
Interest on Capital is _____ for the business
Q.30
Rs.5000 spent on maintenance of computer is
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