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JPA Basics Of Accounts

Authored by shrikant mundada

Financial Education

11th Grade

15 Questions

Used 4+ times

JPA Basics Of Accounts
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount which is not recoverable from customer is known as

Bad Debts
Debts
Debtors
Doubtful Debts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts must be honestly prepared and they must disclose all material information is known as

Entity Concepts
Dual Aspect Concept
Disclosure Concept
Cost Concept

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A commodity in which a trader deals is known as

Goods
Income
Property
Expenditure

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The immediate recognition of loss is supported by principle of

Conservatism
Objective
Matching
Consistency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An act of exchange of things or services between the two parties is termed as

Ledger
Transfer
Transaction
Narration

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every debit has corresponding . . . . . . . . . . . . . .

Debit
Credit
Right hand side
None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Radha`s Account is a type of……………account

Nominal
Personal
Real
Expenses

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