A

Office furniture and equipment

B

Freehold land and buildings

C

Stock of raw materials

D

Plant and machinery

A

Two accounts

B

Two sides of the same account

C

The account on two different dates

D

All of the above

A

Salary paid to manager

B

Accounts payable

C

Sales

D

Debtors

A

Drawings

B

Liabilities

C

Expenses

D

None of the above

A

Accural

B

Balancing

C

Imprest

D

None of the three

A

Overdraft as per passbook

B

Favourable balance as per passbook

C

Both A and B

D

None of the above

A

Current asset

B

Fictitious asset

C

Tangible asset

D

Intangible asset

A

Liability

B

Capital

C

Income

D

None of the above

A

as an income

B

as an expense

C

as an asset

D

as a liability

A

Income received

B

Income receivable

C

Both A and B

D

None of the above

A

Business expense

B

Personal expenses

C

Debtors expenses

D

None of the three

A

Capital is equal to assets minus liabilities

B

Capital is equal to assets plus liabilities

C

Assets are equal to liabilities minus capital

D

Liabilities is equal to capital plus assets

A

Income statement

B

Balance sheet

C

Statement of cash flow

D

None of the above

A

Dr. balance

B

Cr. balance

C

Overdraft

D

Both Dr. and Cr. balance

A

General

B

Capital

C

Secret

D

None of the above

A

Miscellaneous expenditure

B

Intangible asset

C

Current asset

D

A liability

A

An expense

B

An income

C

An asset

D

A liability

A

Expenditure

B

Expense

C

Gain

D

None of the above

A

Fixed asset

B

Current asset

C

Fictitious asset

D

None of the above

A

Bills receivable

B

Cash and Cash equivalents

C

Debtors

D

Furniture and Fittings