| 1 |
Office rent is a |
- A. Financial Expense
- B. Abnormal Loss
- C. Management Expense
- D. Maintenance Expense
|
| 2 |
The concession given by the supplier to the buyer on purchases of good is known as: |
- A. Sales discount
- B. Trade discount
- C. Purchase discount
- D. Discount received
|
| 3 |
The const concept applied only to the assets and not to: |
- A. Expenses
- B. Liabilities
- C. Incomes
- D. None of these
|
| 4 |
Any mistake in ledger can be easily detected with the help of: |
- A. Journal
- B. Balance sheet
- C. Trial balance
- D. Financial statement
|
| 5 |
The account of depreciation of building of Rs. 30,000 at 5% p.a. will be |
- A. Rs. 20,00
- B. Rs. 15,00
- C. Rs. 25,00
- D. Rs. 5,00
|
| 6 |
Profit & Loss a/c is prepared to ascertain |
- A. Gross Profit
- B. Net Profit
- C. Gross Loss
- D. Real Profit
|
| 7 |
Bad debts recovered should be credited to |
- A. Balance Sheet
- B. Trading a/c
- C. Profit & Loss a/c
- D. None of these
|
| 8 |
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
|
| 9 |
The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points: |
- A. Rs. 200 will be deducted
- B. Rs. 200 will be added
- C. Rs. 400 will be added
- D. Rs. 400 will be deducted
|
| 10 |
Net Sales represent |
- A. Sales - return outwards
- B. Sales - return inwards
- C. Sales - return to supplier
- D. both b and c
|
