Accountancy

Gross loss is find from which account

• Trading account

• Profit &Loss account

• Balance sheet

• None of these.

TRADE MARK Is

(1)

• Tangible assets

• Fixed assets

• Current assets

• Liabilty

Profit earn throught normal activities of business

• operating profit

• net profit

• gross profit

• manufacturing profit.

The party which is entitled to receive the payment of the bill is known as

A.

• Drawer

  B.

• Drawee

  C.

• Bank

  D.

• Payee

Which of the following is known as Principal book of Accounting?

• Ledger

• Journal

• Trial balance

• Balance sheet

Personal accounts are related to

• Assets and liabilitie

• Debtors and creditors

• Expenses, losses

• Income and gain

Out of the following assets which one is not an intangible asset?

a)

• Patents

• Investment

• goodwill

• trade mark

Cash discount is -----

• Which is allowed at the time of making the payment

• allowed at the time of sale of goods

• received at the time of purchases of goods

• received both at the time of making payment and purchase of goods.