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WorksheetsBook Keeping And Accountancy
Total questions: 10
Worksheet time: 6mins
Name
Class
Date
1.
Ram A/c is _____________ Account
a)
Personal Account
b)
Real Account
c)
Nominal Account
2.
A _________ is an Intangible Assets
a)
Goodwill
b)
Stock
c)
Cash
d)
Furniture
3.
Profit And Loss Account is A Real Account
a)
True
b)
False
4.
Balance sheet is an Account
a)
True
b)
False
5.
The Indian Partnership Act is in force since __________
a)
1932
b)
1881
c)
1956
d)
1984
6.
Debit Balance of Trading Account
a)
Gross Profit
b)
Gross Loss
c)
Net Profit
d)
Net Loss
7.
Find Odd One - Building, Machinery,Furniture,Bills Payable
a)
Building
b)
Machinery
c)
Furniture
d)
Bills Payable
8.
Bank Loan is a Current Liabilities
a)
True
b)
False
9.
Liability of Partners in a partnership business is __________
a)
Limited
b)
Unlimited
c)
Limited and Unlimited
d)
None of the above
10.
Credit Balance of Profit and Loss Account
a)
Net Profit
b)
Gross Profit
c)
Gross Loss
d)
Net Loss
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