[{"id":59175,"question":"An expenditure incurred in increasing the efficiency of a fixed asset is called:","choices":[{"text":"Revenue expenditure","value":"A"},{"text":"Capital expenditure","value":"B"},{"text":"Current expenditure","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":59174,"question":"Assets come into existence upon the happening of a certain event, are called:","choices":[{"text":"Fixed assets","value":"A"},{"text":"Fictitious assets","value":"B"},{"text":"Floating assets","value":"C"},{"text":"Contingent assets","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":59173,"question":"A bill from the point of view of a creditor is called a:","choices":[{"text":"Bill payable","value":"A"},{"text":"Bill receivable","value":"B"},{"text":"Bil acceptable","value":"C"},{"text":"Bill rejectable","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":59172,"question":"The person to whom a bill is addressed is the:","choices":[{"text":"Debtor","value":"A"},{"text":"Creditor","value":"B"},{"text":"Holder","value":"C"},{"text":"Agent","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59171,"question":"The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points:","choices":[{"text":"Rs. 200 will be deducted","value":"A"},{"text":"Rs. 200 will be added","value":"B"},{"text":"Rs. 400 will be added","value":"C"},{"text":"Rs. 400 will be deducted","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59170,"question":"In adjusting the cash balance one of the following is not taken into account:","choices":[{"text":"Mistakes in the cash book","value":"A"},{"text":"Mistake in the bank statement","value":"B"},{"text":"Interest and dividends credited in the bank statement","value":"C"},{"text":"None of the abvove","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":59169,"question":"Cash account is a:","choices":[{"text":"Personal account","value":"A"},{"text":"Real account","value":"B"},{"text":"Nominal account","value":"C"},{"text":"Both real and personal account","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":59168,"question":"The balance of the 'Caha Column' in cash book is always:","choices":[{"text":"Debit balance","value":"A"},{"text":"Credit balance","value":"B"},{"text":"Both debit and credit balance","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59167,"question":"Loss of good by fire should be credited to:","choices":[{"text":"Purchase account","value":"A"},{"text":"Sales account","value":"B"},{"text":"Loss by goods by fire account","value":"C"},{"text":"Capital account","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59166,"question":"Any mistake in ledger can be easily detected with the help of:","choices":[{"text":"Journal ","value":"A"},{"text":"Balance sheet","value":"B"},{"text":"Trial balance","value":"C"},{"text":"Financial statement","value":"D"},{"value":"E"}],"correctAnswer":1}]