Description : Outstanding expenses are shown on the ___________ side of Balance Sheet.
Last Answer : Outstanding expenses are shown on the ___________ side of Balance Sheet. (a) Assets (b) Liability (c) Both (d) None of these
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 : 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 : 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 : 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 : 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 : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645.
Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.
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 : What do you mean by pre-received income?
Last Answer : What do you mean by pre-received income?
Description : An operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of these differences? a. Operation audits do not ordinarily ... audit deals with operating profit while financial audit considers both the operating and net profits.
Last Answer : The boundaries of an operation audit are often drawn from anorganization chart and are not limited to a single accounting period
Description : The post-closing trial balance contains only a. income statement accounts. b. balance sheet accounts. c. balance sheet and income statement accounts. d. income statement, balance sheet, and retained earnings statement account
Last Answer : b. balance sheet accounts.
Description : A correcting entry a. must involve one balance sheet account and one income statement account. b. is another name for a closing entry. c. may involve any combination of accounts. d. is a required step in the accounting cycle.
Last Answer : c. may involve any combination of accounts.
Description : Correcting entries a. always affect at least one balance sheet account and one income statement account. b. affect income statement accounts only. c. affect balance sheet accounts only. d. may involve any combination of accounts in need of correction.
Last Answer : d. may involve any combination of accounts in need of correction.
Description : The heading for a post-closing trial balance has a date line that is similar to the one found on a. a balance sheet. b. an income statement. c. an stockholders' equity statement. d. the worksheet.
Last Answer : a balance sheet.
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 : The balances that appear on the post-closing trial balance will match the a. income statement account balances after adjustments. b. balance sheet account balances after closing entries. ... statement account balances after closing entries. d. balance sheet account balances after adjustments.
Last Answer : b. balance sheet account balances after closing entries.
Description : The purpose of the post-closing trial balance is to a. prove that no mistakes were made. b. prove the equality of the balance sheet account balances that are carried forward into the ... next accounting period. d. list all the balance sheet accounts in alphabetical order for easy reference.
Last Answer : b. prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
Description : A post-closing trial balance will show a. zero balances for all accounts. b. zero balances for balance sheet accounts. c. only balance sheet accounts. d. only income statement accounts.
Last Answer : c. only balance sheet accounts.
Description : After closing entries are posted, the balance in the retained earnings account in the ledger will be equal to a. the beginning retained earnings reported on the retained earnings statement. b. the amount of ... earnings reported on the balance sheet. c. zero. d. the net income for the period.
Last Answer : . b. the amount of retained earnings reported on the balance sheet.
Description : The income summary account a. is a permanent account. b. appears on the balance sheet. c. appears on the income statement. d. is a temporary account.
Last Answer : d. is a temporary account.
Description : Which of the following reports can be used to diagnose problems on a product by-product basis? a. stock market summary c. cash flow statement b. income statement d. balance sheet
Last Answer : b. income statement
Description : Cash flow is a part of a) Fund flow b) Balance sheet c) Income statement d) Comparative statement
Last Answer : c) Income statement
Description : AS-3 is related to a) Cash flow statement b) Funds flow statement c) Balance sheet d) Income statements
Last Answer : a) Cash flow statement
Description : Expressed as a percentage of each asset to total a) Common size P/L A/C b) Common size Balance Sheet c) Comparative Income Statement d) Trend analysis
Last Answer : b) Common size Balance Sheet
Description : Study of the trend of the same items of two or more balance sheets a) Common size Profit and Loss A/C b) Common size balance sheet c) Comparative Income statement d) Comparative Balance Sheet
Last Answer : Common size balance sheet
Description : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
Last Answer : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
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 : 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 : 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 : 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