Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	An expenditure incurred in increasing the efficiency of a fixed asset is called:	Revenue expenditure Capital expenditure Current expenditure None of these
2	Assets come into existence upon the happening of a certain event, are called:	Fixed assets Fictitious assets Floating assets Contingent assets
3	A bill from the point of view of a creditor is called a:	Bill payable Bill receivable Bil acceptable Bill rejectable
4	The person to whom a bill is addressed is the:	Debtor Creditor Holder Agent
5	The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points:	Rs. 200 will be deducted Rs. 200 will be added Rs. 400 will be added Rs. 400 will be deducted

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