Description : 1. Sales return book was overcast by ₹ 1,200.
Last Answer : The trial balance of Sagar did not agree. It showed an excess credit of ₹ 7,550. Sagar ... to rectify the above errors and prepare Suspense Account.
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 : Excess of debit total of an account over it’s credit total indicates _____________ balance.
Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit
Description : Pass Book is _________ of account holders transactions with bank.
Last Answer : Pass Book is _________ of account holders transactions with bank. (a) an extract (b) balance sheet (c) balance (d) mode
Description : Mountains account for ____________ percent of the total surface area of the country? (a) 17% (b) 27% (c) 30% (d) 43%
Last Answer : (c) 30%
Description : The ____________ enlist 64 Indian scripts.
Last Answer : The ____________ enlist 64 Indian scripts. (a) Deepvamsa (b) Mahavamsa (c) Lalitvistar (d) Chullavamsa
Description : ____________ was the first woman to become a Buddhist nun in Sri Lanka.
Last Answer : ____________ was the first woman to become a Buddhist nun in Sri Lanka. (a) Sanghamitra (b) Anula (c) Anuradha (d) Tara
Description : ____________ is the Latin name of Iran.
Last Answer : ____________ is the Latin name of Iran. (a) Pars (b) Ariana (c) Susa (d) Persepolis
Description : The Iranian empire was established by ____________ of the Achaemenid dynasty.
Last Answer : The Iranian empire was established by ____________ of the Achaemenid dynasty. (a) Cyrus the Great (b) ... the Great (c) Daryush (d) Xerxes
Description : ____________ became the king of Macedonia.
Last Answer : ____________ became the king of Macedonia. (a) Daryush-I (b) Xerxes (c) Cyrus the Great (d) Alexander
Description : The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits.
Last Answer : Choose the correct reason and complete the sentence: The ____________ also mentions trade by exchange, ... Samaveda (c) Yajurveda (d) Rigveda
Description : The ____________ is regarded as the text that is fundamental in development of Indian music.
Last Answer : The ____________ is regarded as the text that is fundamental in development of Indian music. (a) ... ) Samaveda (c) Yajurveda (d) Atharvaveda
Description : The verses in ____________ is known on ‘Rueha’.
Last Answer : The verses in ____________ is known on ‘Rueha’. (a) Samaveda (b) Rigveda (c) Atharvaveda (d) Yajurveda
Description : ____________ function implies compliance of various provisions of Acts applicable to the organization.
Last Answer : ____________ function implies compliance of various provisions of Acts applicable to the organization. (a) Financial (b) Statutory (c) Office
Description : In the year 1583, an Italian merchant ____________ came to Kochi, Kerala.
Last Answer : In the year 1583, an Italian merchant ____________ came to Kochi, Kerala. (a) Vasco da Gama (b) Filippo Sassetti (c) Albuquerque (d) Ferdinand
Description : ____________ was composed in India around 1500 B.C.E.
Last Answer : ____________ was composed in India around 1500 B.C.E. (a) Atharvaveda (b) Samaveda (c) Yajurveda (d) Rigveda
Description : ____________ mentioned as the Lord of Urvara.
Last Answer : ____________ mentioned as the Lord of Urvara. (a) Agni (b) Varun (c) Indra (d) Pushan
Description : ____________ means ability to adjust oneself to changing situation.
Last Answer : ____________ means ability to adjust oneself to changing situation. (a) Loyalty (b) Adaptability (c) Punctuality
Description : In fixed instalment system the amount of depreciation is ____________ every year.
Last Answer : In fixed instalment system the amount of depreciation is ____________ every year. (a) constant (b) fluctuating (c) increased (d) decreased
Description : A ____________ site was found at Lahuradeva in Sant Kabirnagar district of Uttar Pradesh.
Last Answer : Choose the correct alternative and write the complete sentence: A ____________ site was found at Lahuradeva ... (c) Neolithic (d) Chalcolithic
Description : in ____________ mesolithic man existed during 10000-4000 B.C.E.
Last Answer : Choose the correct alternative and write the complete sentence: in ____________ mesolithic man existed during ... (c) Bihar (d) Northeast India
Description : Pasting wet clay ribbons and making patterns on them is known as ____________ work.
Last Answer : Choose the correct alternative and write the complete sentence: Pasting wet clay ribbons and making patterns ... (c) apply (d) amalgamation
Description : Microliths were found in ____________ age.
Last Answer : Choose the correct alternative and write the complete sentence: Microliths were found in ____________ age ... (c) Mesolithic (d) Palaeolithic
Description : ____________ made the first stone tools.
Last Answer : Choose the correct alternative and write the complete sentence: ____________ made the first stone tools. (a ... (c) Homo habilis (d) Homo phones
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 : ____________ is the act of transferring an entry from journal to ledger.
Last Answer : ____________ is the act of transferring an entry from journal to ledger. (a) Journalising (b) Casting (c) Balancing (d) Posting
Description : According to ____________ concept, assets are recorded at a price paid to acquire them.
Last Answer : According to ____________ concept, assets are recorded at a price paid to acquire them. (a) Cost ... measurement (c) Entity (d) Dual aspect
Description : According to ____________ convention, while preparing planning anticipate losses.
Last Answer : According to ____________ convention, while preparing planning anticipate losses. (a) Materiality (b) ... (c) Conservatism (d) disclosure
Description : According to ____________ concept revenue is recognised when it is earned.
Last Answer : According to ____________ concept revenue is recognised when it is earned. (a) Realisation (b) Accounting period (c) Accrual (d) Matching cost
Description : According to ____________ concept, every business transaction has two aspects.
Last Answer : According to ____________ concept, every business transaction has two aspects. (a) going concerned (b) ... (c) business entity (d) dual aspects
Description : According to ____________ concept business shall go on for a long time.
Last Answer : According to ____________ concept business shall go on for a long time. (a) going concerned (b) consistency (c) materiality (d) dual aspects
Description : Capital is ____________ of the business.
Last Answer : Capital is ____________ of the business. (a) asset (b) liability (c) property (d) goodwill
Description : i. Business communication is concerned with ____________ activities. (a) economic (b) business (c) social
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. Business ... attitude (b) signature (c) clarity
Description : Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account
Last Answer : Answer: C
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 : Outstanding expenses is a __________ account.
Last Answer : Outstanding expenses is a __________ account. (a) Real (b) Personal (c) Nominal (d) None of them
Description : Drawing account is closed by transferring the balance to the _________ account.
Last Answer : Drawing account is closed by transferring the balance to the _________ account. (a) Drawing (b) Liabilities (c) Assets (d) Capital
Description : If the trial balance shows a short credit the suspense account will have a _______ balance.
Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil
Description : If the trial balance does not agree the difference of the trial balance is placed in _______ account.
Last Answer : If the trial balance does not agree the difference of the trial balance is placed in _______ account. ... ) Suspense (c) Rectification (d) Real
Description : Wages paid for installation of machinery is debited to __________ account.
Last Answer : Wages paid for installation of machinery is debited to __________ account. (a) Profit and Loss (b) Trading (c) Wages (d) Machinery
Description : Overdraft facility is allowed to __________ account.
Last Answer : Overdraft facility is allowed to __________ account. (a) saving (b) recurring (c) current (d) fixed deposit.
Description : 1 Started business with cash ₹ 30,000. 2 Opened a current account with the bank and deposited ₹ 9,000.
Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.
Description : When goods are sold on credit ___________ account is credited.
Last Answer : When goods are sold on credit ___________ account is credited. (a) Buyer’s A/c (b) Cash A/c (c) Sales A/c (d) Seller’s A/c
Description : Cash account always shows ________ balance.
Last Answer : Cash account always shows ________ balance. (a) Credit (b) Negative (c) Minus (d) Debit
Description : Carriage Inward is debited to ___________ Account.
Last Answer : Carriage Inward is debited to ___________ Account. (a) Trading A/c (b) Profit & Loss (c) Capital (d) Bank
Description : Interest on Drawing is credited to ___________ Account.
Last Answer : Interest on Drawing is credited to ___________ Account. (a) Trading (b) Profit & Loss Account (c) Capital (d) All
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 : 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 : In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.
Last Answer : D. All of the Above Explanation: Send money up to Rs 1 lakh to any bank account through the mobile without entering debit/credit card details, net banking/wallet password or even knowing the receiver‘s account number.
Description : An account bag from the Head Office to Sub office contain a) The SO slip, b) A cash bag containing cash including postage stamps c) IPO, Saving certificate, for sales d) SB Slip (SB 27), BO daily account after check, Blank MO forms for sale e) All the above
Last Answer : e) All the above