[{"id":3942,"question":"Goods sold to Ali for Rs. 50,000 recorded in purchases day book will affect","choices":[{"text":"purchases A/c","value":"A"},{"text":"sales account","value":"B"},{"text":"purchases, sales & Ali account","value":"C"},{"text":"purchases & sales account","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3941,"question":"The process of totaling the data at the end of the period is called","choices":[{"text":"posting","value":"A"},{"text":"casting","value":"B"},{"text":"compensating","value":"C"},{"text":"recording","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3940,"question":"Suspense means","choices":[{"text":"certainty","value":"A"},{"text":"uncertainty","value":"B"},{"text":"surly","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3939,"question":"Wrong allocation of capital and revenue items of expenses represents","choices":[{"text":"error of casting","value":"A"},{"text":"error of principle","value":"B"},{"text":"compensation error","value":"C"},{"text":"error of commission","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3938,"question":"An error completely omitted to be entered in the journal","choices":[{"text":"partial error","value":"A"},{"text":"error of posting","value":"B"},{"text":"error of casting","value":"C"},{"text":"complete error","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3937,"question":"Errors which affect one account can be","choices":[{"text":"errors of principle","value":"A"},{"text":"errors of posting","value":"B"},{"text":"errors of omission","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3936,"question":"Premium on issue of shares of a company represents","choices":[{"text":"capital loss","value":"A"},{"text":"capital profit","value":"B"},{"text":"capital payment","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3935,"question":"Raw material destroyed in fire represents","choices":[{"text":"capital loss","value":"A"},{"text":"revenue loss","value":"B"},{"text":"normal loss","value":"C"},{"text":"both b, c","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3934,"question":"A receipt is revenue receipt because","choices":[{"text":"the amount is small","value":"A"},{"text":"it relates to routine activity of business","value":"B"},{"text":"it is received in the accounting year","value":"C"},{"text":"both b, c","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3933,"question":"Capitalized expenditures are shown in","choices":[{"text":"trading A/c","value":"A"},{"text":"profit & loss A/c","value":"B"},{"text":"income statement","value":"C"},{"text":"balance sheet","value":"D"},{"value":"E"}],"correctAnswer":4}]