Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The outflow of funds to meet the running expenses of a business	Revenue loss Revenue expenditure capital expenditure capital loss
2	The debts, the recovery of which is uncertain are called	Unbelievable debts unrealized debts doubtful debts both b and c
3	Bad debts recovered should be credited to	Balance Sheet Trading a/c Profit & Loss a/c None of these
4	The bad debts which are showed in the trial balance are called	new bad debts old bad debts further bad debts additional bad debts
5	Wages paid for installing a machine should be debited to	Wages a/c Cash a/c Machinery a/c none of these

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