Accounting 9706

The rule for forming Journal entry is ?

• Increase in CLR is "Cr".

  Increase in E&A is "Dr"

• Increase in E&A is "Dr"

  Increase in CLR is "Dr"

• Increase in E&A is "Cr"

  Increase in CLR is "Cr"

• Increase in E&A is "Dr"

  Decrease in CLR is "Cr"

Which one not current assets

• Cash

• outstanding expenses

• prepaid rent

• Income receivable

Tick the current assets

• cash

  Furnitures

  Closing inventory

  Trade receivables

  Prepaid Expenses

  Accrued Income

• cash

  bank

  Closing inventory

  Salary

  rent prepaid

  Accrued Income

• cash

  bank

  Closing inventory

  Trade receivables

  Prepaid Expenses

  Accrued Income

• bank overdraft

  bank

  Closing inventory

  Trade receivables

  Prepaid Expenses

  Accrued Income

Which of these are Intangible asset

• Goodwill

  Prepaid Expenses

  Land and building

• Goodwill

  Patent

  Trade mark

  Copyright

• cash

  bank

  Closing inventory

  Trade receivables

  Prepaid Expenses

  Accrued Income

• Trade payables

  Patent

  Trade receivables

  Copyright

  Accrued Income

Which of these are Tangible non current assets ?

• Land & Building

  Furnitures

  Vehicles

  Premises

• Computers

  Plant & machinery

  Bank balance

  Closing inventory

• Patents

  Goodwill

  Trade mark

  Copyrights

• Tables

  laptop

  Tractor

  rent received

Which of these are not list of current liabilities

• Outstanding expenses

  Rent payables

  Trade payables

  bank overdraft

• Salary due

  advance income

  short term loan taken

  wages outstanding

• rent received in advance

  interest payable

  Office expenses due

• bank overdraft

  prepaid rent

  rent payables

  advance income

Which is the correct list of Expenses

• land

  cash

  rent

  wage

• Office expenses

  Stationeries

  rent

  outstanding wages

• Rent

  Salary

  Depreciation

  wages

  loss by theft

• Electricity

  Power & fuel

  Prepaid Salary

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