Accountancy

Accountancy

11th Grade

10 Qs

quiz-placeholder

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Accountancy

Accountancy

Assessment

Quiz

Other

11th Grade

Practice Problem

Hard

Created by

JAGARATCHAGA THIRUPATHI

Used 10+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting equation signifies

Capital of a business is equal to assets

Liabilities of a business are equal to assets

Capital of a business is equal to liabilities

Assets of a business are equal to the total of capital and liabilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Withdrawal of cash from business by the proprietor should be credited to

Drawing a/c

Cash a/c

Capital a/c

Purchase a/c

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A firm has assets of 1,00,000 and the external liabilities of 60,000. Its capital would be?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Outstanding salary a/c is a representative personal account?

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The accounting equation is

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real account deals with

Individual persons

Expenses and losses

Assets

Incomes and gains

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Depreciation is calculated from the date when

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