Q.1
Which of the following financial statements show the financial health of an organisation at a stated point of time?
Q.2
Debenture is also named as
Q.3
Which of the following is the most important document of the company?
Q.4
Commercial accounting is based on
Q.5
An asset that is NOT physical in nature is called
Q.6
Which of the following account will be credited when the goods are purchased on cash?
Q.7
Which of the following account will be credited when the goods are purchased on credit from Mr. Ali?
Q.8
An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as
Q.9
The matching concept matches which of the following?
Q.10
In an account, when credit side total < debit side total, then, the balance is known as
Q.11
The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called
Q.12
Which of the following are the owners of a company?
Q.13
General office expenses are charged to which of the following head?
Q.14
Which of the following capital is taken up by the general public?
Q.15
Which of the following items of balance sheet are useful in evaluating a company's liquidity?
Q.16
Which of the following is quoted company?
Q.17
Which of the following capital is required for the registration of the company?
Q.18
Accounts receivable & inventory are the examples of
Q.19
The estimated value at which an asset is expected to be sold after the end of its useful life is called
Q.20
Authorized share capital is also known as
Q.21
The maximum amount with which a company is registered is called
Q.22
Which one of the following is NOT true about revenue expenditure?
Q.23
In which of the following interim dividend is treated?
Q.24
Which of the following documents contains rules and regulations for internal management of the business?
Q.25
Which of the following is not a transaction?
Q.26
Which of the following is NOT a cash inflow?
Q.27
Interest on loan paid by business is an example of
Q.28
Which of the following account will be credited when a typewriter is sold that has been used in the office?
Q.29
What type of expenses are paid out of Gross Profit?
Q.30
Which of the following is NOT an example of intangible assets?
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