[{"id":3868,"question":"Net Sales represent","choices":[{"text":"Sales - return outwards","value":"A"},{"text":"Sales - return inwards","value":"B"},{"text":"Sales - return to supplier","value":"C"},{"text":"both b and c","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3865,"question":"Interest paid on loan is","choices":[{"text":"Abnormal Loss","value":"A"},{"text":"Financial Expenses","value":"B"},{"text":"Management Expenses","value":"C"},{"text":"Maintenance Expenses","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3864,"question":"Office rent is a","choices":[{"text":"Financial Expense","value":"A"},{"text":"Abnormal Loss","value":"B"},{"text":"Management Expense","value":"C"},{"text":"Maintenance Expense","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3863,"question":"Net Profit is transferred to","choices":[{"text":"Trading Account","value":"A"},{"text":"Balance Sheet","value":"B"},{"text":"Capital a/c","value":"C"},{"text":"Trial Balance","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3861,"question":"Profit & Loss a/c is prepared to ascertain","choices":[{"text":"Gross Profit","value":"A"},{"text":"Net Profit","value":"B"},{"text":"Gross Loss","value":"C"},{"text":"Real Profit","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3860,"question":"Gross profit is derived from","choices":[{"text":"Trading a/c","value":"A"},{"text":"Profit & Loss a/c","value":"B"},{"text":"Trial Balance","value":"C"},{"text":"Balance Sheet","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3856,"question":"The balance of petty cash book is a/an","choices":[{"text":"Asset","value":"A"},{"text":"Liability","value":"B"},{"text":"Expense","value":"C"},{"text":"Income","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3855,"question":"Bank Reconciliation represents","choices":[{"text":"A Journal","value":"A"},{"text":"A Ledger","value":"B"},{"text":"A Statement","value":"C"},{"text":"both a and c","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3854,"question":"Credit Balance of pass book must be equal to debit balance of","choices":[{"text":"Cash Book","value":"A"},{"text":"Bank Ledger","value":"B"},{"text":"Clients other Account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3853,"question":"Pass book is prepared by","choices":[{"text":"Debtor","value":"A"},{"text":"Creditor","value":"B"},{"text":"Banker","value":"C"},{"text":"Customer","value":"D"},{"value":"E"}],"correctAnswer":3}]