| 1 |
The debts, the recovery of which is uncertain are called |
- A. Unbelievable debts
- B. unrealized debts
- C. doubtful debts
- D. both b and c
|
| 2 |
Income tax paid is a |
- A. Business Expense
- B. Business Revenue
- C. Business Liability
- D. Personal Expense
|
| 3 |
Cash account is a: |
- A. Personal account
- B. Real account
- C. Nominal account
- D. Both real and personal account
|
| 4 |
Net Profit is transferred to |
- A. Trading Account
- B. Balance Sheet
- C. Capital a/c
- D. Trial Balance
|
| 5 |
The const concept applied only to the assets and not to: |
- A. Expenses
- B. Liabilities
- C. Incomes
- D. None of these
|
| 6 |
A bill from the point of view of a creditor is called a: |
- A. Bill payable
- B. Bill receivable
- C. Bil acceptable
- D. Bill rejectable
|
| 7 |
The creditor of the business are called: |
- A. Assets
- B. Liabilities
- C. Capital
- D. Income
|
| 8 |
Rent account' is a kind of: |
- A. Real account
- B. Personal account
- C. Nominal account
- D. <div>Capital account</div>
|
| 9 |
Assets having some market value |
- A. Fictitious Assets
- B. Real Assets
- C. Unreal Assets
- D. None of these
|
| 10 |
From business point of view, interest on capital is considered as |
- A. An income
- B. An Expense
- C. A Profit
- D. A Liability
|
