Заказать решение теста "Accounting and Analysis"

Inadequate provision for bad and doubtful debts is an example of:
The unfavourable balance of Profit and Loss account should be
Ledger is a principal book in which one the below is not included?
Sales Journal records all … sale of goods
If the two sides of the trial balance tally, it is an indication of the fact that the books of account are … accurate
Business is said to be in a profit when
The payment to a creditor will?
Credit means?
As per the accounting double-entry system, when expense increases, it is …
Accounting do not provides data or information on
If we take goods for own use we should
The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?
Insufficient depreciation is an example of:
Which of the options is an example of business liability?
When goods are taken back from or an allowance is granted to a customer, the note is known as ...
If no distinction between capital and revenue expenditures is made while a recording transaction, it is:
Net profit is calculated in which of the following accounts?
Ledger is a book of?
If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should
A purchase book is used to record all ... made by the business from its suppliers.
Gross profit is
Which of these best explains fixed assets?
Ledger is a book of?
Long term assets without any physical existence but, possessing a value are called
A ... is used for recording all residual transactions which cannot find place in any of the subsidiary books.
The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as
When a transaction is wholly or partially recorded incorrectly, it is called:
Entered in the Purchases Journal are
If a trial balance totals do not agree, the difference must be entered in
The errors in the books of account are broadly divided into:
Excess of Debit side over Credit side called?
If it is required to maintain fixed capitals then the partners’ shares of profits must be
Which of the following items is not included in the Cash Book?
Excess of Debit side over Credit side called?
A statement showing particulars of the goods bought by a trader on credit is known as ...
The process of transferring the debit and credit items from a journal to their respective account in the ledger is termed as?
Which one of the following affects cash book during a period?
Which option gives a review report on the firm’s financial status at a specified date?
Errors are classified into the following number of groups:
The T-account is not used to summarize which of the following?
Copyrights, Patents and Trademarks are examples of
Discounts received are
If the debit side of a bank account is greater than the credit side it represents?
Which item will appear on the credit side of the ledger account?
... represents a note sent to the supplier for the value of goods returned by the business.
When a petty cash book is kept there will be
Goods were purchased from John for $2,000 with no entry made in the purchased book. This is an example of:
How many kind of Cash books are there?
Which item will appear on the credit side of the ledger account?
When there is an increase in capital by an amount, it is registered on the
Errors which are made while recording transactions in the journal and posting them in the ledger are called:
When any entry is made on the both sides of cash book is called as?
When a transaction is recorded without due regard to the fundamental principles of accounting, it is an example of:
If the debit side of a bank account is greater than the credit side it represents?
Credit means?
When a Liability is decreased or reduced, it is registered on the
Which one of the following is not correct for a cash book?
The transaction will be treated as a contra entry when?
What kind of expenses are not paid from Gross Profit?
The T-account is not used to summarize which of the following?
In order to find out the value of the closing stock during the end of the financial year we,
The payment to a creditor will?
Ledger is a principal book in which one the below is not included?
What does the term “credit” mean in business?
Suppliers personal a/c are seen in the
The left hand side of the account is referred to as?
… is an allowance or deduction made from the invoice price of goods sold.
Sales invoices are first entered in
A check received and paid into the bank on the same date is recorded in the?
The left hand side of the account is referred to as?
Overdrawn balance of cash book is recorded?
The charges of placing commodities into a saleable condition should be charged to
A company issues a check to pay account payable. The effect of the transaction is to?
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
The debts which are to be repaid within a short period (a year or less) are referred to as,
Salaries of $5,100 were wrongly posted to the salaries account as $1,500. This is an example of:
Recording of transactions in the books of original entry is ... under subsidiary books
Which of the options is not an intangible asset?
A check received on 12th of December dated 25th December is considered as?
The statement containing various ledger balances on a particular date is known as …