Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The owner of the business is known as:	Sale man Agent Proprietor Employee
2	All those expenses which are incurred to convert raw-materials into finished goods are called:	Direct expenses Indirect expenses Administrative expenses Sales expenses
3	A many buy Rs. 40,000 worth good and sells them for Rs. 50,000. His gross profit is:	Rs.10,000 Rs.20,000 Rs,30,000 Rs. 40,000
4	When a bill is discharged the acceptor debits:	Creditors account Cash account Bill payable account Bill receivable account
5	At the time of drawing a bill the drawer credits:	Debtors account Creditors account bill receivable account Suppliers account

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