Account M.C.Q (1 Marks)

Goods taken by the proprietor for personal use is:

Sale is recognised as revenue:

Bank overdraft is:

A liability arises because of:

A person to whom money is owed by a firm for purchase of goods is called a:

Capital is:

Which of the following is a liability?

Which of the following is not a business transaction?

Which of the following transaction is not of financial character?

Which of the following is not an expense?

Which of the following is a business transaction?

Amount paid or payable against purchase of goods is:

Purchase refers to the buying of:

Which of the following is an asset?

Trade Discount allowed:

Which of the following is not a fixed asset?

Revenue from Operations refers to:

Which of the following are goods?

Stock is valued at:

Which of the following is not a long-term liability?

A person who owes money to a firm against goods sold is called a:

Out of the following assets, which one is not an intangible asset?

Goodwill is a/ an:

The nature of capital is:

Expenditure of revenue nature that gives benefit for more than one account ng period is categorised as:

Amount received or receivable against sale of goods is:

The amount invested by the proprietor in a business is called:

Which of the following is revenue?

The nature of accrued income is:

Purchase refers to the purchase of: