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Commerce · all questions

Accounting
practice.

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Which one of the following will be treated as revenue expenditure?

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Bill Receivable Book is a part of the:

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Preliminary expenses are an example of:

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Ayush started business on 1st April, 1995 with a capital of Rs. 25,000 and a loan of Rs. 12,500. Total assets and liabilities at the end of 31st March, 1996 amounted to Rs. 75,000 and Rs. 12,500 respectively. He invested a further capital of Rs. 12,500 during the year and withdrew Rs. 7,500 during the relevant financial, period. His closing capital and profits would be respectively:

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Errors which affect one side of an account are called:

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Subscription received in advance is . . . . . . . .

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The term "Imprest system" is used in relation to:

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Which one of the following is an example of an intangible asset?

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Premium on issue of debentures is a . . . . . . . .

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The credit balance in the bank account is:

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Petty cash may be used to pay . . . . . . . .

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A debit balance in the income and expenditure account denotes excess of . . . . . . . . over . . . . . . . .

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Which of the following errors will not cause the trial balance to be out of order?

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Noting charges account is debited by . . . . . . . .

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Share application account is a . . . . . . . .

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Which of the following is considered while calculating purchase consideration under Net asset method?

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An item of Rs. 72 has been debited to a personal account as Rs. 27, is an error of:

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Purchases made on credit not recorded at all would affect . . . . . . . .

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Bills payable book is a . . . . . . . .

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Book-keeping is often confused with:

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