[{"id":58987,"question":"Book-keeping is mainly concerned with:","choices":[{"text":"Recording of business transactions","value":"A"},{"text":"Recording classifying and summarizing the recorded data","value":"B"},{"text":"Interpreting the recorded data","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":58983,"question":"The errors in which amount have occurred on the opposite sides of two or more accounts and have concealed themselves in the net result, are:","choices":[{"text":"Error of principle","value":"A"},{"text":"Errors of omission ","value":"B"},{"text":"Errors of commission","value":"C"},{"text":"Compensating error","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":58981,"question":"Error due to wrong allocation as expenditure between capital and revenue is regarded as:","choices":[{"text":"Error of omission","value":"A"},{"text":"Error of principle ","value":"B"},{"text":"Compensating errors","value":"C"},{"text":"Error of Commission","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":58977,"question":"An expenditure incurred to the increases the profit earning of the concern is a:","choices":[{"text":"Revenue expenditure","value":"A"},{"text":"Current expenditure","value":"B"},{"text":"Capital receipt","value":"C"},{"text":"Capital expenditure","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":58975,"question":"An expenditure which is incurred again and again is a:","choices":[{"text":"Capital expenditure","value":"A"},{"text":"Future expenditure","value":"B"},{"text":"Deferred expenditure","value":"C"},{"text":"Revenue expenditure","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":58973,"question":"Which of the following discloses the financial position of the business:","choices":[{"text":"Trading account","value":"A"},{"text":"Profit and loss account","value":"B"},{"text":"Profit and loss appropriation account","value":"C"},{"text":"Balance sheet","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":58972,"question":"The act result of the business activities is shown by:","choices":[{"text":"Profit and loss account","value":"A"},{"text":"Profit  and loss appropriation account","value":"B"},{"text":"Trading account","value":"C"},{"text":"Balance sheet","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":58969,"question":"A bill of exchange contains:","choices":[{"text":"An unconditional order","value":"A"},{"text":"A promise","value":"B"},{"text":"A request","value":"C"},{"text":"A conditional order","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":58966,"question":"Disagreement in balances may arise owing to mistake or mistakes in the:","choices":[{"text":"Cash book only","value":"A"},{"text":"Bank statement","value":"B"},{"text":"Cash book or bank statement","value":"C"},{"text":"Bank column of the cash book only","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":58894,"question":"A copy of the customer's account in the bank's ledger is called: ","choices":[{"text":"Deposit statement","value":"A"},{"text":"Balance statement","value":"B"},{"text":"Bank statement","value":"C"},{"text":"Customer","value":"D"},{"value":"E"}],"correctAnswer":3}]