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WorksheetsBasics of Accounting
Total questions: 10
Worksheet time: 10mins
Identify the type of the Asset - Plant and Machinery
Fixed Asset
Current Asset
Identify the type of liability - Raw material purchased on credit from supplier
Current Liability
Non-Current Liability
Goodwill is
(a)
Identify the type of asset - Copyrights
Current Assets
Fixed Assets
Loan given to an employee
Asset
Liability
Loan taken from bank
Asset
Liability
Trademarks are
Fixed Assets
Current Assets
Intangible assets
Tangible Assets
Select which of the following is/are Business Transactions.
Raw Material purchased from Jain & sons worth Rs. 10,000 on credit.
Rent paid to Landlord Rs. 20,000.
Appointed the HR Manager on a monthly Salary of Rs. 25,000.
Placed an order with M/s Mehta Associates for purchase of an equipment for Rs. 30,000
Profit estimated in future Rs. 50,000.
Bank Overdraft is a
Non Current Liability
Current Liability
Current Asset
Fixed Asset
Unpaid Salary is
Current Asset
Current Liability
Non Current Asset
Non Current Liability
