WorksheetsACCOUNTS
Total questions: 10
Worksheet time: 6mins
CASH DISCOUNT IS :
WHICH IS ALLOWED AT THE TIME OF MAKING PAYMENT
ALLOWED AT THE TIME OF SALE OF GOODS
RECEIVED AT THE TIME OF PURCHASE OF GOOOD
RECEIVED BOTH AT THE TIME OF MAKING PAYMENT AND PURCHASE OF GOODS
WHICH OF THE FOLLOWING IS CAPITAL EXPENDITURE:
WAGES
WAGES PAID FOR BUILDING CONSTRUCTION
REPAIR EXPENSES OF BUILDING
ADVERTISEMENT EXPENSES
GROSS PROFIT IS :
COST OF GOODS SOLD + OPENING STOCK
EXCESS OF SALES OVERCOST OF GOODS SOLD
SALES FEWER PURCHASES
NET PROFIT FEWER EXPENSES OF THE PERIOD
INCOME IS MEASURED ON THE BASIS OF:
MATCHING CONCEPT
CONSISTENCY
COST CONCEPT
NONE OF THE ABOVE
FIND OUT THE MISSING VALUE LIABILITIES IN AN ACCOUNTING EQUATION WITH THE HELP OF GIVEN DATA?
ASSETS=2,01,000
OWNER EQUITY=90,000
Rs.201,000
Rs.111,000
Rs. 290,000
Rs. 291,000
MR. "A" BORROWED MONEY FROM BANK ; THIS TRANSACTION INVOLVES WHICH OF THE FOLLOWING ACCOUNTS ?
CASH AND BANK LOAN
BANK AND DEBTORS
DRAWING AND CASH
CASH AND BANK
Who is the Father of Double Entry System?
Luca Pacioli
Pineer Peggle
Jeromee Lee
Eugeue F. Fama
7. The Liabilities of a business are Rs 30,000; the capital of proprietor is Rs 70,000. the total asset are ?
30,000
70,000
40,000
none of these
Bank reconciliation statement compares a bank statement with _________?
Cash payment journal
Cash receipt journal
Financial statements
Cashbook
In cash book, bank charges of ₹5,000 was not recorded. Name the correct cash book adjustment?
It will be credited in cash book
It will be debited in cash book
No adjustment needed in the cash book
Charges will be added to the cash book balance
