Description : Primary book" maintained in a business is 1. Journal 2. Ledger 3. Cash book 4. Account book 5. None of these
Last Answer : Journal
Description : A list of balances of all the accounts in ledger is called __________
Last Answer : A list of balances of all the accounts in ledger is called __________ (a) Balance Sheet (b) Profit and ... c (c) Trading A/c (d) Trial Balance
Description : Ledger accounts are balanced every day.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger accounts are balanced every day.
Description : ____________ is prepared from the balances in the ledger accounts.
Last Answer : ____________ is prepared from the balances in the ledger accounts. (a) List (b) Journal (c) Book (d) Trial Balance
Description : From which books of accounts posting is made in the Ledger?
Last Answer : From which books of accounts posting is made in the Ledger?
Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these
Last Answer : a) 5000
Description : Which one of the following statements concerning the accounting cycle is incorrect? a. The accounting cycle includes journalizing transactions and posting to ledger accounts. b. The accounting cycle includes ... sequence. d. The steps in the accounting cycle are repeated in each accounting period.
Last Answer : b. The accounting cycle includes only one optional step.
Description : Which of the following steps in the accounting cycle would not generally be performed daily? a. Journalize transactions b. Post to ledger accounts c. Prepare adjusting entries d. Analyze business transactions
Last Answer : c. Prepare adjusting entries
Description : . Which one of the following is an optional step in the accounting cycle of a business enterprise? a. Analyze business transactions b. Prepare a worksheet c. Prepare a trial balance d. Post to the ledger accounts
Last Answer : b. Prepare a worksheet
Description : he step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is a. analyzing transactions. b. journalizing and posting adjusting entries. c. preparing a post-closing trial balance. d. posting to ledger accounts.
Last Answer : b. journalizing and posting adjusting entries.
Description : A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.
Last Answer : a. the account is an income statement account.
Description : A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.
Last Answer : b. after closing entries are posted to the ledger accounts.
Description : After the adjusting entries are journalized and posted to the accounts in the general ledger, the balance of each account should agree with the balance shown on the a. adjusted trial balance. b. post-closing trial balance. c. the general journal. d. adjustments columns of the worksheet.
Last Answer : a. adjusted trial balance.
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 : (i) A system of book-keeping which records only one aspect of business transactions and ignores other aspects.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i ... approximate or estimated values as on a particular date.
Description : (i) A system of book-keeping in which both the aspects of transactions are recorded.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) A ... find out profit or loss under a single entry system.
Description : (i) A bound book of Account. (ii) The credit balance of the Bank Account.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A bound book of Account ... . (v) The right-hand side of an account.
Description : (i) An error in which the transaction is entered in the original book but not posted into the ledger.
Last Answer : Give one word/term or phrase for each of the following statements : (i) An error ... Errors can be rectified without passing rectification entries.
Description : (i) __________ book is an extract of customer’s account in the ledger of bank.
Last Answer : Complete the following sentences: (i) __________ book is an extract of customer's account in ... to suppliers are recorded is known as _______
Description : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Last Answer : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Description : Why ledger Called the book of final entry?
Last Answer : Need answer
Description : The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) ... or connected with the cases which have not been fully decided or closed e) All the above
Last Answer : e) All the above
Description : State the importance of following documents in transportation. i) Log-book ii) Vehicle Ledger.
Last Answer : 1) Log Book: Each vehicle has a log book which contains the details about the running time for a trip and allied factors. The driver of motor vehicle fills or updates log book regularly ... Thus the vehicle ledger is collective record of the trips exposing the financial aspect of transportation.
Description : When a petty cash book is kept there will be A) No entries made at all in the general ledger for items paid by petty cash B) The same number of entries in the general ledger C) Fewer entries made in the general ledger D) More entries made in the general ledger
Last Answer : Answer: C
Description : Read everywhere about the death of Andy Vajna. It’s awful for me to see the wave of grievance happening during these posts. How are you doing with this?
Last Answer : Unfortunately, there are a lot of malicious people. And envy. Those who talk about it in hatred are exactly those who did not know it. Neither do I, but I don't judge a person I don't really know, this world is so sick unfortunately ... :(
Description : At constant temperature, a. Graph shows relation between pressure and volume. Represent the relation mathematically. b. Identify the law.
Last Answer : With the help of graph answer the following - At constant temperature, a. Graph shows relation between ... law. c. Write the statement of law.
Description : (i) A resolution passed by simple majority is called __________
Last Answer : Complete the sentences. (i) A resolution passed by simple majority is called __________ (ii) A ... of a member in a meeting is called ________
Description : (i) A person who presides over the meeting is known as _________
Last Answer : Complete the sentences. (i) A person who presides over the meeting is known as _________ ( ... which is changed due to amendment is called ________
Description : (i) A proxy can vote under the poll method.
Last Answer : State whether the following statements are True or False. (i) A proxy can vote under the poll ... v) Motion is a final decision of the meeting.
Description : (i) A list of items to be transacted at the meeting.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) A ... . (v) A motion finally passed at the meeting.
Description : (i) A Directors include whole-time employment of company is called WTD.
Last Answer : State whether the following statements are True or False. (i) A Directors include whole-time ... company is a general duty of the secretary.
Description : (i) A first secretary appointed by the promoter.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. ... person nominated on the Board by a dominant shareholder.
Description : (i) A person can enter into a share purchase transaction on behalf of a minor.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) A ... (v) They can buy shares of an Indian company.
Description : (i) A constitution or charter of the company.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. ( ... to subscribe for shares or debentures of the company.
Description : (i) A company shall be formed for any lawful purpose
Last Answer : State whether the following statements are True or False. (i) A company shall be formed for any ... ) First Director of the company appointed by ROC.
Description : (i) A business that is owned and managed by one person is called as ________
Last Answer : Complete the sentences : (i) A business that is owned and managed by one person is called ... two or more person collectivity is called as ________
Description : (i) A Joint Stock company is an artificial person created by law.
Last Answer : State whether the following statements are True or False : (i) A Joint Stock company is an ... number of membership is restricted to up to 50.
Description : (i) A company incorporated outside India.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements : (i ... having no limit on the liability of its member.
Description : (i) A type of secretary appointed by an institution.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements : (i ... is not supposed to be disclosed by the secretary.
Description : (i) A Copy Right is __________ Asset.
Last Answer : Fill in the blanks: (i) A Copy Right is __________ Asset. (ii) Wages paid for ... __________ (v) Return outward are deducted from _____________
Description : 1. A naturalist can study food habits and behaviour of animals in a
Last Answer : Multiple Choice Questions: 1. A naturalist can study food habits and behaviour of animals in a ... for identification of species found in an area.
Description : (i) A temporary account opened to rectify the entry is known as suspense A/c.
Last Answer : Do you agree or disagree with the following statements. (i) A temporary account opened to rectify ... and rules are known as Errors of Principle.
Description : A calorie is a unit of heat and it equals 4.2 J, where 1 J = kg m^2 s^-2. A distant civilisation employs a system of units in which the units
Last Answer : A calorie is a unit of heat and it equals 4.2 J, where 1 J = kg m2 s-2. A distant ... energy. What will be the magnitude of calorie in their units?
Description : i. A financial institution which receives deposits and lends money is called as ________
Last Answer : Complete the sentence: i. A financial institution which receives deposits and lends money is ... iv. Overdraft facility is given to _____________
Description : i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: ... Instrument which can be discounted with the bank.
Description : i. A company usually opens ________ account in a bank. (a) Current (b) Saving (c) Recurring
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring
Description : i. A director can be removed before the expiry of his term. ii. Directors act as trustees of the company.
Last Answer : State whether the following statements are True or False: i. A director can be removed ... meetings. vi. Director can take decisions individually.
Description : Match the following. A 1. Constitution
Last Answer : Match the following. A B 1.Constitution (a) It is the freedom to go ... entity and commonly determine how that entity is to be governed.
Description : i. Process of communication, conveying a message in spoken form. ii. A set of interconnected web pages located on a single web domain.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... . vi. Audio-Visual means of electronic communication.
Description : i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... A meeting of the preference shareholders of a company.