Q401
Open questionWhich of the following is not a transaction?
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Accounting
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Q402
Open questionA promissory note is drawn by ______ in favor of _____
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Q403
Open question____ principle requires that the same accounting method should be used from one accounting period to the next
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Q404
Open questionThe left side of an account is known as ___ and the right side as ____
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Q405
Open questionThe cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to
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Q406
Open questionA minimum quantity of stock always held as precaution against out of stock situation is called
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Q407
Open questionDiscounting of bill by the drawer is done with
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Q408
Open questionA bill of exchange when drawn requires
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Q409
Open questionA bill of exchange is called a ____ by one who is liable to pay it on the due date
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Q410
Open question___ days of grace are allowed in case of time bills, for calculating date of maturity
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Q411
Open questionIn case of debit balance, the words _____ are written on the debit side
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Q412
Open questionBank pass book is also known as
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Q413
Open questionRam and Shyam are partners in a firm with capital of Rs. 4,80,000 and Rs. 3,10,000, respectively. They admitted Ganesh as a partner with share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be
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Q414
Open questionMatch the items of List-I with those of the List-II and indicate the correct answer:
| List-I | List-II |
| a. Debtors Turnover Ratio | 1. Solvency Ratio |
| b. Proprietary Ratio | 2. Liquidity Ratio |
| c. Operating Ratio | 3. Activity Ratio |
| d. Acid Test Ratio | 4. Profitability Ratio |
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Q415
Open questionLedger is an accounting book in which
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Q416
Open questionThe user group of accounting information is:
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Q417
Open questionIn case of 'installment payment system', total interest receivable by the seller is credited to
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Q418
Open questionWhich of the following is not an accounting equation?
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Q419
Open questionThe study of the effects of output volume on revenue, expenses and net income is known as
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Q420
Open questionWhich one of the following statements is not correct?
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