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  • Question 1
    1 / -0

    If the capital is Rs.300000, cash is Rs.200000, Machinery is 300000. What is the amount of liabilities

  • Question 2
    1 / -0

    Capital and Revenue items are not distinguished under the :

  • Question 3
    1 / -0

    A started business and invests Rs. 50000 on 1st April 2010. On 31st March 2011, his assets are Rs.65000 and liabilities Rs.6000. Find the amount of capital on 31st March 2011 and profit

  • Question 4
    1 / -0

    The assets of a business on 31st March 2012 are Rs. 60000 and its capital is Rs. 45000. What are its liabilities

  • Question 5
    1 / -0

    The International Accounting Standards Committee (IASC) came into existence on :

  • Question 6
    1 / -0

    Which of the following is not correct?
    When : Assets = Liabilities + Capital

  • Question 7
    1 / -0

    The liabilities of the firm are Rs. 3000; the capital of the proprietor is Rs.7000. The total assets are

  • Question 8
    1 / -0

    The capital of a business 10,000, creditors are 4,000, the total assets are :

  • Question 9
    1 / -0

    Technical knowledge and skill is not important in case of :

  • Question 10
    1 / -0

    If we debit all expenses and losses, what will be credited?

  • Question 11
    1 / -0

    Which of the following Accounting principle is ignored by the cash basis of accounting?

  • Question 12
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    Which of the following is not a type of voucher?

  • Question 13
    1 / -0

    Institute of Chartered Accountants of India (ICAI) had constituted the Accounting Standard Board (ASB) in :

  • Question 14
    1 / -0

    Which of the following equation is not correct?

  • Question 15
    1 / -0

    From the following information find the capital : Total assets Rs. 600000, creditors Rs.100000, Loan from bank Rs. 150000

  • Question 16
    1 / -0

    Calculate total assets if capital Rs. 200000, creditors Rs. 50000, revenue Rs.500000 and expenses Rs.400000

  • Question 17
    1 / -0

    Which of the following is not a source of document?

  • Question 18
    1 / -0

    If the Owner's Equity is 20,000 and Creditors Equity is 40,000. What will be the assets of the firm?

  • Question 19
    1 / -0

    Accounting Equation is the result of ?

  • Question 20
    1 / -0

    Capital Rs.30,000; Bills Payable Rs.6,000; Bank Loan Rs.10,000. Find out total assets.

  • Question 21
    1 / -0

    If assets are 50,000 and capital is 20,000 what will be the creditors equity or outside liabilities?

  • Question 22
    1 / -0

    Riya started business 1st April 2012 with the capital of Rs.25000 and a loan Rs. 12000. On 31st March 2012 his assets were Rs. 50000. Find total profit

  • Question 23
    1 / -0

    A voucher can be used as?

  • Question 24
    1 / -0

    Kamal started business and invests Rs.50000 on 1st April 2010. On 31st March 2011, his assets are Rs.65000 and liabilities Rs.6000.Proprietor had invested Rs.5000 an additional capital and withdraw Rs.2000. What will be the profit

  • Question 25
    1 / -0

    Kamal started business and invests Rs. 50000 on 1st April 2010. On 31st March 2011, his assets are Rs.65000 and liabilities Rs.6000. Kamal withdrew from his business Rs. 3000 for personal use. Find out the profit

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