ACCOUNTANCY
Quiz
•
Education
•
11th - 12th Grade
•
Medium
AMOL PARAB
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In which year did the Partnership Act passed ?
1932
1956
1947
1952
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Business is said to be in a profit when
Expenditure exceeds income
Income exceeds expenditure
Income exceeds liability
Assets exceed expenditure
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Brief explanation of an entry is called as
Folio
Narration
Posting
Journalising
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A ________ is an Intangible Assets.
Goodwill
Cash
Furniture
Stock
5.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
Credit balance of Trading Account indicates _______.
6.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
Debit balance of Profit & Loss Account means ________.
7.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
The income which is due but not yet received is called ______ income
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