[{"id":3883,"question":"Goods withdrawn by the proprietor for personal use should be credited to","choices":[{"text":"Purchase a/c","value":"A"},{"text":"Drawings a/c","value":"B"},{"text":"Expenses a/c","value":"C"},{"text":"Revenue a/c","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3882,"question":"Interest on drawing is debited to","choices":[{"text":"Capital","value":"A"},{"text":"Drawings","value":"B"},{"text":"Sundry Creditors","value":"C"},{"text":"Outstanding expense","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3880,"question":"Income tax paid is a","choices":[{"text":"Business Expense","value":"A"},{"text":"Business Revenue","value":"B"},{"text":"Business Liability","value":"C"},{"text":"Personal Expense","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3879,"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":3878,"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":3876,"question":"The account of depreciation of building of Rs. 30,000 at 5% p.a. will be","choices":[{"text":"Rs. 20,00","value":"A"},{"text":"Rs. 15,00","value":"B"},{"text":"Rs. 25,00","value":"C"},{"text":"Rs. 5,00","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3875,"question":"Income received in advance during the year is","choices":[{"text":"Prepaid Expenses","value":"A"},{"text":"Accrued Income","value":"B"},{"text":"Advance Expenses","value":"C"},{"text":"Advance Income","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3874,"question":"Assets having some market value","choices":[{"text":"Fictitious Assets","value":"A"},{"text":"Real Assets","value":"B"},{"text":"Unreal Assets","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3872,"question":"Goodwill, patent, copyright are classified as","choices":[{"text":"Current Assets","value":"A"},{"text":"Fixed Assets","value":"B"},{"text":"Tangible Assets","value":"C"},{"text":"Wasting Assets","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3870,"question":"Gross profit represents","choices":[{"text":"Opening stock + purchases","value":"A"},{"text":"closing stock + direct expenses - sales","value":"B"},{"text":"closing stock-purchases-direct expenses + sales","value":"C"},{"text":"purchases - sales","value":"D"},{"value":"E"}],"correctAnswer":3}]