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Salary paid to partner should be:

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Q10.Salary paid to partner should be: (1) Credited to his current account (2) Debited to his current account (3) None of these (4) Credited to profit & loss appropriation A/c Answer Credited to profit & loss appropriation A/c Related Questions on Theory Base of Accounting Q11.Capital Expense from (1) Decrease Liabilities (2) Decrease Asset (3) … Read more

Formula of Liquid Assets

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Q26.Formula of Liquid Assets (1) Current Assets – Current Liabilities (2) Current Assets – Stock + Prepaid Expense (3) None of these (4) Current Assets + Stock + Prepaid Expense Answer Current Assets – Stock + Prepaid Expense Related Questions on Theory Base of Accounting Q27.Which of the following account will be credited when interest … Read more

Identified and measured economic events should be recorded in _ order.

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Q42.Identified and measured economic events should be recorded in _ order. (1) Financial (2) Chronological (3) Monetary (4) Proper Answer Chronological Related Questions on Theory Base of Accounting Q43.Which of the following statements is correct: (1) Accounting is a part of book-keeping. (2) Book Keeping is a part of Accounting. (3) Book keeping is not … Read more

Who composed the poems ?

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Q16.Who composed the poems ? (1) Robin Klein (2) Robert Frost (3) Leslie Norris (4) W.B. Yeats Answer Leslie Norris Related Questions on A Tiger in the Zoo  Q17.The words lurking and sliding describe (1) anger (2) joy (3) movement (4) silence Answer movement Q18.How does the caged tiger react to the visitors? (1) With … Read more