Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The money with which business is started is known as:	Capital Creditor Income Debtor
2	Rent account' is a kind of:	Real account Personal account Nominal account <div>Capital account</div>
3	The creditor of the business are called:	Assets Liabilities Capital  Income
4	The const concept applied only to the assets and not to:	Expenses Liabilities Incomes None of these
5	Financial accounting is mainly confined to preparation of:	Manufacturing statement Financial statements Production statement Sale statement

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