Book Keeping And Accountancy

Ram A/c is _____________ Account

• Personal Account

• Real Account

• Nominal Account

A _________ is an Intangible Assets

• Goodwill

• Stock

• Cash

• Furniture

Profit And Loss Account is A Real Account

• True

• False

Balance sheet is an Account

• True

• False

The Indian Partnership Act is in force since __________

• 1932

• 1881

• 1956

• 1984

Debit Balance of Trading Account

• Gross Profit

• Gross Loss

• Net Profit

• Net Loss

Find Odd One - Building, Machinery,Furniture,Bills Payable

• Building

• Machinery

• Furniture

• Bills Payable

Bank Loan is a Current Liabilities

• True

• False

Liability of Partners in a partnership business is __________

• Limited

• Unlimited

• Limited and Unlimited

• None of the above

Credit Balance of Profit and Loss Account

• Net Profit

• Gross Profit

• Gross Loss

• Net Loss