Q.1
When will the bill mature if the date of maturity of a bill is a holiday
Q.2
Accounts payable has ____ balance
Q.3
Error which affect only one account can be
Q.4
Opening and closing inventories are recorded in
Q.5
Which of the following instruments is not a negotiable instrument?
Q.6
The installation expenses for a new machinery will be debited to
Q.7
Which one of the following accounting equations is correct?
Q.8
Purchase book is maintained to record
Q.9
A document sent to customer when he returns the goods is called
Q.10
In case goods are manufactured and segregated for specified consumers, the best method for valuation of inventory would be
Q.11
Overriding commission is generally calculated on
Q.12
Economic life of an enterprise Is split into periodic interval as per ____ concept
Q.13
Which of the following sets of expense are the direct expense of business?
Q.14
Suspense account given in the trial balance will be entered in the
Q.15
When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called
Q.16
A Trial Balance contains the balances of
Q.17
Those transactions for which there is no separate book, are recorded in the
Q.18
The person from whom the goods are purchased on credit are called
Q.19
Which of the following is/are fixed asset(s)?
Q.20
The expenses that have fallen due for payment but not paid are
Q.21
Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?
Q.22
The three column cash book represents
Q.23
Carriage inwards refers to the cost of transportation for
Q.24
Right shares are the shares
Q.25
The document inviting offers from public to subscribe for the debentures or shares of a body corporate is a
Q.26
The portion of the acquisition cost of an asset yet to be allocated is known as
Q.27
Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as
Q.28
The accounting equation is based on
Q.29
Different accounting policies can be adopted in the following area(s)
Q.30
Accounting is the process of matching
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