Self Studies

Nature of Accou...

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  • Question 1
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    A voucher refers to a/an __________. 

  • Question 2
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    Which of the following would prevent double payment of the same voucher?

  • Question 3
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    If the premium is paid on the life policy of the proprietor of the business, it is _____________.

  • Question 4
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    Goods withdrawn by owner for personal use is an example of __________.

  • Question 5
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    The rule for nominal accounts is ____________.

  • Question 6
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    A second-hand car is purchased for Rs. 80,000, the amount of Rs. 1,000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1,500 is paid as dealers commission. The amount debited to car account will be __________.

  • Question 7
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    Income earned which is yet to be received results in _________________.

  • Question 8
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    Cash withdrawn by owner personal for use is an example of _________.

  • Question 9
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    Bank account is a ________.

  • Question 10
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    Discount allowed is an example of ________.

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