Description : Pre-received income is shown on ___________ side of Balance sheet.
Last Answer : Pre-received income is shown on ___________ side of Balance sheet. (a) Assets (b) Liabilities (c) Credit (d) Debit
Description : Outstanding expenses is a __________ account.
Last Answer : Outstanding expenses is a __________ account. (a) Real (b) Personal (c) Nominal (d) None of them
Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account
Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun
Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c
Last Answer : B. liability side of the balance sheet
Description : In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.
Last Answer : a. in current assets immediately following accounts receivable.
Description : All direct & indirect expenses related to business are charged: a)Profit and loss account b)Trading account c)Trading account Profit and Loss account d)Directly to Balance sheet
Last Answer : c)Trading account Profit and Loss account
Description : Under ------------------------ each item of expenses taken as a percentage on net sales a) Comparative income statement b) Comparative balance sheet c) Common size Balance sheet d) Common size Income Statement
Last Answer : d) Common size Income Statement
Description : 1 Balance in hand ₹ 125. Postage ₹ 28. Stationery ₹ 35. 2 Refreshment expenses ₹ 20.
Last Answer : Mr. Shrinath maintains a columnar petty cash book on the Imprest system. The Imprest amount is ₹ 850. The ... for Postage ₹ 7. Repair charges ₹ 75.
Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000
Last Answer : Answer: Rs. 13,200
Description : Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.
Last Answer : d) Outstanding expenses -current asset.
Description : Non-monetary items which are carried in terms of historical cost denominated in a foreign currency should be reported using the exchange rate at the date of the ___________ (a) Balance Sheet (b) Transaction (c) Settlement (d) None of the above
Last Answer : b) Transaction
Description : Machinery A/c shows ___________ balance.
Last Answer : Machinery A/c shows ___________ balance. (a) Credit (b) Debit (c) Positive (d) Negative
Description : Real accounts generally shows ___________ balance.
Last Answer : Real accounts generally shows ___________ balance. (a) Debit (b) Credit (c) Negative (d) Nil
Description : Bank overdraft means ___________ balance of Bank A/c.
Last Answer : Bank overdraft means ___________ balance of Bank A/c. (a) Debit (b) Credit (c) Positive (d) Nil
Description : Closing stock appearing in the Trial Balance is shown in– (A) Balance Sheet only (B) Trading Account only (C) Trading Account and Balance Sheet both (D) None of the above
Last Answer : Answer: Balance Sheet only
Description : On the admission of a partner, fictitious assets are– (A) Transferred to Revaluation Account (B) Transferred to Capital Account (C) Transferred to Reserves (D) Shown in the new Balance Sheet
Last Answer : Answer: Transferred to Revaluation Account
Description : The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A) Reserve and Surplus (B) Fixed Assets (C) Investments (D) Miscellaneous Expenditure
Last Answer : (B) Equity Shareholders Account
Description : Unpaid calls are shown in the balance sheet of a company A. By adding it to the share capital B. By deducting it from the called-up share capital C. Under the head 'current assets' D. Under the head 'curent liabilities'
Last Answer : B. By deducting it from the called-up share capital
Description : If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet. (A)Form of Merger (B)Form of purchase (C)Net assets method (D)Consideration method
Last Answer : (B)Form of purchase
Description : The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A)Reserve and Surplus (B)Fixed Assets (C)Investments (D)Miscellaneous expenditure
Last Answer : (D)Miscellaneous expenditure
Description : Discount earned is transferred to credit side of ___________ account.
Last Answer : Discount earned is transferred to credit side of ___________ account. (a) Current A/c (b) Profit & Loss Account (c) Trading (d) Capital
Description : What is the balance of Outstanding Salary A/c?
Last Answer : What is the balance of Outstanding Salary A/c?
Description : What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?
Last Answer : What is the answer ?
Description : Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these
Last Answer : a) Mortgage loan
Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet
Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet
Description : Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account
Last Answer : Answer: Liabilities side of the Balance Sheet
Description : Which of the following doesn't appear on the liabilities side of the balance sheet ? 1. Capital 2. Loans 3. Advertisement expenditure 4. Share capital 5. None of these
Last Answer : Advertisement expenditure
Description : When the total of debit side of an account exceeds credit side, it is called __________ balance.
Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real
Description : As shown in the illustrations, most console schematic diagram sheets have letters and/or numbers placed across the top and numbers along the side boarders. The purpose of these markings is to ... small hole over a letter and number, what month and year that particular page was redrawn
Last Answer : Answer: A
Description : [img] https:///wp-content/uploads/2016/01/teszt12.jpg [/ img] Yes. No.
Last Answer : 2 No .... I think :)
Description : All items of indirect income are shown on the credit side of the _________ Account.
Last Answer : All items of indirect income are shown on the credit side of the _________ Account. (a) Balance Sheet ... (c) Manufacturing (d) None of them
Description : Royalty on production is a ___________ expenses.
Last Answer : Royalty on production is a ___________ expenses. (a) direct (b) indirect (c) capital (d) none of them
Description : The decline in the combined ratio is most likely to indicate that the insurer has ___________. a) increased its administration expenses b) increased its long term borrowing c) improved its investment returns d) improved its underwriting results
Last Answer : d) improved its underwriting results
Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit
Last Answer : (A) Diminishing balance
Description : ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings ... 000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.
Last Answer : d. debit Income Summary $12,000, credit Retained Earnings $12,000.
Description : If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit ... . c. credit to the retained earnings account. d. credit to the owner's dividends account.
Last Answer : c. credit to the retained earnings account.
Description : Following is the application of fund A. Decrease in balance of Fixed Asset B. Decrease in working capital C. Decrease in net profit D. Decrease in preliminary expenses
Last Answer : C. Decrease in net profit
Description : 1. A collection of dried plant specimen that are pressed, treated and mounted on a standard size sheet in order to preserve it.
Last Answer : Name the following. 1. A collection of dried plant specimen that are pressed, treated and ... and animals which is based on contrasting characters.
Description : In ice sheet regions the characteristics of climate is-
Last Answer : Identify the incorrect factor: In ice sheet regions the characteristics of climate is- ... precipitation exceeds evaporation (d) winter rainfall
Description : ___________ defeated the Yadavas of Devgiri and the rule of Delhi Sultans began in south India.
Last Answer : Choose the correct reason and complete the sentence: ___________ defeated the Yadavas of Devgiri and the rule ... (c) Humayun (d) Alauddin Khalji
Description : After Chhatrapati Sambhaji Maharaj, ___________ took over the reins at Raigad.
Last Answer : Choose the correct reason and complete the sentence: After Chhatrapati Sambhaji Maharaj, ___________ ... Shahu Maharaj (d) Shiva Maharaj
Description : ___________ was the leader of the Rohillas.
Last Answer : Choose the correct reason and complete the sentence: ___________ was the leader of the Rohillas. (a) Najib ... (c) Adilshah (d) None of them
Description : ___________ is regarded as the visionary of Swarajya.
Last Answer : ___________ is regarded as the visionary of Swarajya. (a) Veermata Jeejabai (b) ... Shivaji Maharaj (d) Chhatrapati Sambhaji Maharaj
Description : ___________ defeated the Yadavas of Devgiri.
Last Answer : ___________ defeated the Yadavas of Devgiri. (a) Alauddin Khalji (b) Muhmmad Tughluq (c) Hasan Gangu Bahamani (d) Qutubuddin Aibak
Description : ___________ was a Sanskrit scholar.
Last Answer : ___________ was a Sanskrit scholar. (a) Dara Shukoh (b) Aurangzeb (c) Shah Shuja (d) Murad Baksh
Description : ___________ was the king of Farghana province in Central Asia.
Last Answer : ___________ was the king of Farghana province in Central Asia. (a) Taimurlang (b) Babur (c) Genghis khan (d) Akbar
Description : ___________ built Alai Darwaza.
Last Answer : ___________ built Alai Darwaza. (a) Alberuni (b) Alauddin Khalji (c) Qutubuddin Aibak (d) Iltutmish
Description : ___________ wrote a text called ‘Amuktamalyada’.
Last Answer : ___________ wrote a text called ‘Amuktamalyada’. (a) Harihara (b) Bukka (c) Krishnadeva Raya (d) Purnaiya
Description : ___________ is the founder of the Slave Dynasty.
Last Answer : ___________ is the founder of the Slave Dynasty. (a) Qutubuddin Aibak (b) Mohd. Ghori (c) Sultan of Ghazni (d) Alauddin Khalji
Description : ___________ is identified with Babylon.
Last Answer : ___________ is identified with Babylon. (a) Nangarhar (b) Gandhara (c) Kandahar (d) Baveru