BCOM QUIZ

1.      Long term assets without any physical existence but, possessing a value are called

                  

• a. Intangible assets        

• b.  Fixed assets

• c. Current assets

• Investments

1.        is the art of recording, classifying and summarizing in a significant manner, and in terms of money transactions and events which are in part at least, of a financial character and interpreting the results thereof.

                               

                                  

• a.Journal Entry   

• b. Ledger

• c. Accounting  

• d. None

1.               is the first step in accounting process

• a. Identification

• b. Summarisation

• c. Recording

• d. Analysis & Interpretation

1.      is fixed asset

            

               

• a.   Cash     

• b.   Debtor

• c.   Land  

• d.    Bills receivable

1.      Investments will present in the          side of balance sheet

                         

• a.   Asset

• b.   Liabilities

• c.   Income

• .   Expenditure

5.   State Bank of India’ is an example of:

                           

                     

• a. Nominal Account

• b.  Real Account

• c. Personal Account   

• d. Impersonal Account