Contents
#1. In the journal, the business transaction is recorded in
#2. The Accounting convention does not include:
#3. Any amount for which the business is liable to pay to other parties is
#4. An Amount which has become irrecoverable from the debtors and treating it a business loss is known as
#5. Accounting provides information on
#6. For measuring income, the most acceptable method is?
#7. As per the revenue recognition principle, sales revenues should be recognized at the time when?
#8. Fixed assets are kept in the business
#9. A note sent by the buyer on return of goods is
#10. Bank overdraft is shown as
#11. Accounting provides data or information on
#12. Basic object of Social accounting is
#13. Salaries outstanding come under which account
#14. Capital expenditure is incurred
#15. Financial statements users include:
#16. Cash Book is a form of
#17. Matching concept means:
#18. The total of the sales book is posted periodically to the credit of
#19. After the preparation of ledgers, the next step is the preparation of
#20. Real account records
#21. Which concept requires that those transactions which can be expressed in terms of money should be recorded in books of account?
#22. The Cash Book records
#23. Bookkeeping is mainly concerned with
#24. Subsidiary books are the book of
#25. The petty cashier generally works on the system.
#26. Gross profit is
#27. The correct form of the accounting equation is
#28. Double Accounting System owes its origin to:
#29. The account that records expenses, gains, and losses is
#30. The proprietor of a business is treated as a creditor for capital introduced by him, according to:
#31. The underlying concept that supports the immediate recognition of loss is:
#32. Basic object of Human resource accounting is
#33. The total of the purchase return book is posted periodically to the credit of
#34. A narration is
#35. The process of recording a transaction in the journal is called
#36. The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as
#37. Basic object of financial accounting is
#38. Salaries outstanding comes under which account
#39. Financial Statements are a part of:
#40. Sales book is useful for recording
#41. The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is termed as
#42. The Rule of Real Account is
#43. Ledger is a book of
#44. The person who owes money to a business organization is known as --
#45. If balance as per Pass Book is the starting point, then uncollected cheques are:
#46. All the Ledger accounts are collectively listed in
#47. Stock at the end is valued:
#48. When a check is not paid by the bank, it is called?
#49. A bank reconciliation statement is prepared by?
#50. ?1,000 spent to move a machine to a new location is
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