[{"id":99291,"question":"Income tax paid is a","choices":[{"text":"Business expense","value":"A"},{"text":"Revenue for business","value":"B"},{"text":"Liability of business","value":"C"},{"text":"Personal expense","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99290,"question":"Net loss is always","choices":[{"text":"Equal to gross loss","value":"A"},{"text":"More than gross loss","value":"B"},{"text":"Less than gross loss","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99289,"question":"Wages paid of installing a machine should be debited to","choices":[{"text":"Wages a/c","value":"A"},{"text":"cash a/c","value":"B"},{"text":"Machinery a/c","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99288,"question":"Net profit is always","choices":[{"text":"Equal to gross profit","value":"A"},{"text":"More than gross profit","value":"B"},{"text":"Less than gross profit","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99287,"question":"Interest on drawings is","choices":[{"text":"An asset","value":"A"},{"text":"A liability","value":"B"},{"text":"An expense","value":"C"},{"text":"A revenue","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99286,"question":"Interest due but not received is an","choices":[{"text":"Outstanding expense","value":"A"},{"text":"Accrued income","value":"B"},{"text":"Prepaid expense","value":"C"},{"text":"Unearned income","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99285,"question":"From business point of view, Interest on capital is considered as","choices":[{"text":"An income","value":"A"},{"text":"An expense","value":"B"},{"text":"A profit","value":"C"},{"text":"A liability","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99284,"question":"Deprecation is","choices":[{"text":"A Liability","value":"A"},{"text":"A loss","value":"B"},{"text":"An expense","value":"C"},{"text":"Both b & c","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99283,"question":"A gradual decrease in the value of fixed assets is called","choices":[{"text":"Reduction","value":"A"},{"text":"Revaluation","value":"B"},{"text":"Deprecation","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99282,"question":"Outstanding expense given in adjustment is called","choices":[{"text":"An asset","value":"A"},{"text":"A gain","value":"B"},{"text":"An expense","value":"C"},{"text":"A liability","value":"D"},{"value":"E"}],"correctAnswer":4}]