A chart of accounts generally start with which of the following types of accounts?
A chart of accounts generally start with which of the following types of accounts?
A. Assets accounts
B. liability accounts
C. Cash accounts
D. Revenue accounts
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Negotiable Instrument Act was enacted in_________?
Negotiable Instrument Act was enacted in_________?A. 1981
B. 1881
C. 1871
D. 2001The other name of journal is____________?
The other name of journal is____________?
A. Ledger
B. T account
C. Day book
D. Cash bookWhich of the following is a revenue expenses?
Which of the following is a revenue expenses?
A. Raw material consumed
B. Plant purchased
C. Long term loan raised from bank
D. CapitalWhich one of the following is a capital expenditure?
Which one of the following is a capital expenditure?
A. Compensation paid to Directors on termination of their services
B. Expenditure incurred in connection with the renewal of a Trade Mark.
C. Gratuities paid to Directors on termination of their services.
D. Royalty paid in installments for the purchase of rights to manufacture and sell patient medicines.The closing balance of a petty cash book is a / an___________?
The closing balance of a petty cash book is a / an___________?
A. Liability
B. Gain
C. Assets
D. LossIdentify the asset from the following:
Identify the asset from the following:
A. Cash and cash equivalent
B. Creditors
C. Notes payable
D. Bank loan