[{"id":3777,"question":"The accounts of expenses, incomes, losses and gains","choices":[{"text":"real accounts","value":"A"},{"text":"valuation accounts","value":"B"},{"text":"nominal accounts","value":"C"},{"text":"personal accounts","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3776,"question":"Cash paid to Naeem will affect","choices":[{"text":"cash & capital","value":"A"},{"text":"cash & creditor","value":"B"},{"text":"cash and debtors","value":"C"},{"text":"cash & goods","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3775,"question":"The effect of drawing on accounting equation is","choices":[{"text":"decrease in assets and decrease in liabilities","value":"A"},{"text":"increase in both assets & liabilities","value":"B"},{"text":"decrease in assets and increase in capital","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3774,"question":"When cash is paid to creditors it will decrease","choices":[{"text":"cash","value":"A"},{"text":"capital","value":"B"},{"text":"debtor","value":"C"},{"text":"cash & creditors","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3773,"question":"Purchased goods on credit and for cash will affect","choices":[{"text":"cash & goods","value":"A"},{"text":"cash & creditors","value":"B"},{"text":"cash creditors & owner's equity","value":"C"},{"text":"cash goods and creditors","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3772,"question":"Expenses paid by a business decrease","choices":[{"text":"cash","value":"A"},{"text":"capital","value":"B"},{"text":"cash & capital","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3771,"question":"According to accounting equation, capital is equal to","choices":[{"text":"assets + liabilities","value":"A"},{"text":"expenses-incomes","value":"B"},{"text":"liabilities - assets","value":"C"},{"text":"assets - liabilities","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3770,"question":"Accounting records of a business enterprise are required by","choices":[{"text":"management of the business","value":"A"},{"text":"outsiders","value":"B"},{"text":"all of the above","value":"C"},{"text":"none of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3769,"question":"For every debit, there is a credit","choices":[{"text":"going concern concept","value":"A"},{"text":"dual aspect concept","value":"B"},{"text":"matching concept","value":"C"},{"text":"cost concept","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3768,"question":"Accounting principles can be classified in","choices":[{"text":"three types","value":"A"},{"text":"two types","value":"B"},{"text":"five types","value":"C"},{"text":"six types","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3767,"question":"Double entry means","choices":[{"text":"entry in two sets of books","value":"A"},{"text":"entry at two dates","value":"B"},{"text":"entry for two aspects of a transaction","value":"C"},{"text":"recording twice in journal","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3766,"question":"Bookkeeping provides the","choices":[{"text":"primary information","value":"A"},{"text":"secondary information","value":"B"},{"text":"final information","value":"C"},{"text":"insufficient information","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3765,"question":"Modern system of bookkeeping is","choices":[{"text":"single entry system","value":"A"},{"text":"double entry system","value":"B"},{"text":"modern system","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3764,"question":"A basis of business languages","choices":[{"text":"accounting","value":"A"},{"text":"bookkeeping","value":"B"},{"text":"transaction","value":"C"},{"text":"cost accounting","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":3763,"question":"Goods returned by customers are","choices":[{"text":"purchases","value":"A"},{"text":"purchases returns","value":"B"},{"text":"sales returns","value":"C"},{"text":"sales","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3762,"question":"A dealing between two persons is called a","choices":[{"text":"business","value":"A"},{"text":"transaction","value":"B"},{"text":"purchases","value":"C"},{"text":"sales","value":"D"},{"value":"E"}],"correctAnswer":2}]