Q19.Cash, goods or assets invested by the proprietor in the business for earning profit is called- (1) Capital (2) Profit (3) None of these. (4) Fixed assets Answer Capital Related Questions on Introduction to Accounting Q20.Book – keeping is- (1) A science (2) An art (3) None of these. (4) An art and science both … Read more
Q12.Under this method, only 1 account i.e. partner`s capital account is maintained. This method is : (1) Floating (2) .Normal (3) Fluctuating (4) Fixed Answer Fluctuating Related Questions on Theory Base of Accounting Q13.Arun is a Book-seller, which item will be goods for his business ? (1) Purchase of Fan (2) Purchase of Computer (3) … Read more
Q28.Debit word is (1) Latin Language (2) French Language (3) English Language (4) Hindi Language Answer Latin Language Related Questions on Theory Base of Accounting Q29.What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 6000 in the middle of each … Read more
Q44. IFRS (International Financial reporting standards) are based on: (1) Historical cost (2) Fair value (3) None of the options (4) Both historical cost and fair value. Answer Fair value Related Questions on Theory Base of Accounting Q45.IFRS are: (1) Rule based accounting standards (2) Principles based accounting standards (3) None of the options (4) … Read more
Q2.The word rige means (1) anger (2) raise (3) wakeup (4) get up Answer anger Related Questions on A Tiger in the Zoo Q3.Where is the tigers strength locked? (1) behind the bars (2) behind the jungle (3) None of the Above (4) behind his nature Answer behind the bars Q4.The poem draws a contrast … Read more