[{"id":59050,"question":"The owner of the business is known as:","choices":[{"text":"Sale man","value":"A"},{"text":"Agent","value":"B"},{"text":"Proprietor","value":"C"},{"text":"Employee","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":59044,"question":"All those expenses which are incurred to convert raw-materials into finished goods are called:","choices":[{"text":"Direct expenses","value":"A"},{"text":"Indirect expenses","value":"B"},{"text":"Administrative expenses","value":"C"},{"text":"Sales expenses","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59042,"question":"A many buy  Rs. 40,000 worth good and sells them for Rs. 50,000. His gross profit is:","choices":[{"text":"Rs.10,000","value":"A"},{"text":"Rs.20,000","value":"B"},{"text":"Rs,30,000","value":"C"},{"text":"Rs. 40,000","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59040,"question":"When a bill is discharged the acceptor debits:","choices":[{"text":"Creditors account","value":"A"},{"text":"Cash account","value":"B"},{"text":"Bill payable account","value":"C"},{"text":"Bill receivable account","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":59037,"question":"At the time of drawing a bill the drawer credits:","choices":[{"text":"Debtors account","value":"A"},{"text":"Creditors account","value":"B"},{"text":"bill receivable account","value":"C"},{"text":"Suppliers account","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59036,"question":"When bank column of a cash book shows a credit balance, it means:","choices":[{"text":"Cash balance","value":"A"},{"text":"Bank balance","value":"B"},{"text":"Under draft","value":"C"},{"text":"Over draft","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":59034,"question":"A bank reconciliation statement is  prepared by:","choices":[{"text":"banker","value":"A"},{"text":"Accountant of the business","value":"B"},{"text":"Statutory auditors","value":"C"},{"text":"Rigistar","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":59032,"question":"Subsidiary books are called the book of:","choices":[{"text":"Original entry","value":"A"},{"text":"Secondary entry","value":"B"},{"text":"Temporary entry","value":"C"},{"text":"Basic entry","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59030,"question":"The transaction for which non separate book is maintained are recorded in:","choices":[{"text":"Journal proper","value":"A"},{"text":"Bills receivable book","value":"B"},{"text":"Bills payable book","value":"C"},{"text":"Cash book","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":59028,"question":"A Journal is generally kept on:","choices":[{"text":"A columnar basis","value":"A"},{"text":"A row basis","value":"B"},{"text":"A single line basis","value":"C"},{"text":"Vertical basis","value":"D"},{"value":"E"}],"correctAnswer":1}]