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A
Net profit would decrease
B
Net profit would increase
C
Gross profit would be overstated
D
Gross profit would be understated
A
Carriage Inward
B
Import duties
C
Purchases of Raw Material
D
Salary of purchasing staff
A
Time
B
Sales
C
Purchases
D
Credit Sales
A
Added
B
Subjtracted
C
Adjusted
D
Not Adjusted
A
Personal Account
B
Real Account
C
Nominal Account
D
Both (a) and (b)
A
Understandability
B
Relevance
C
Comparability
D
Reliability
A
Assets exceed Expenditure
B
Assets exceeds Liabilities
C
Income exceeds Expenditure
D
Income exceeds Liabilities
A
Profit & Loss Account
B
Cash Flow Statement
C
Balance sheet
D
Income & Expenditure Account
A
Marshall
B
Karl Pearson
C
J.R. Batliboi
D
Lucas Pacioli
A
Going concern
B
Economic entity
C
Monetary unit
D
None of the above
A
Health of director of the company
B
Quality of company`s goods
C
Value of plant machinery
D
All of the above
A
Realization concepts
B
Going Concern Concept
C
Business entity concept
D
None of the above
A
Realization concepts
B
Going Concern Concept
C
Business entity concept
D
Cost Concept
A
Capital Account
B
Cash Account
C
Drawing Account
D
Bank Account
A
One
B
Two
C
Three
D
Infinite
A
Left or credit side of the account
B
Right or debit side of the account
C
Right or credit side of the account
D
Left or debit side of the account
A
Right or debit side of the account
B
Left or credit side of the account
C
Left or debit side of the account
D
Right or credit side of the account
A
Profit & Loss Account
B
Cash Flow Statement
C
Balance Sheet
D
Income & Expenditure Account
A
Computer Account
B
Cash Account
C
Sales Account
D
Purchase Account
A
Single entry book keeping
B
Double entry book keeping
C
Both single and double entry book keeping
D
Cash basis of book keeping