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Question 1
Which of the following is not a foreign bill under section 12 of Negotiable Instrument Act?
Question 2
Which one of the following is not a main objective of accounting?
Question 3
The miscellaneous expenses account is likely to have:
Question 4
Goods worth Rs.2,000 were distributed as free samples in the market. The journal entry will be__________.
Question 5
Which of the following statements is/are correct :
1) A bill of exchange is a Negotiable instrument where as a Promissory note is a Non-Negotiable instrument.
2) A party which issues a Promissory note will treat it as a new asset under the head bills receivable.
3) When the maturity date of the bill is a public holiday then the next following day will be the maturity date of the bill.
4) The Promissory note must be accepted by the party to whom the order is made.
1) A bill of exchange is a Negotiable instrument where as a Promissory note is a Non-Negotiable instrument.
2) A party which issues a Promissory note will treat it as a new asset under the head bills receivable.
3) When the maturity date of the bill is a public holiday then the next following day will be the maturity date of the bill.
4) The Promissory note must be accepted by the party to whom the order is made.
Question 6
Selection of appropriate accounting policies is not based on:
Question 7
Which of the following is not an example of nominal account?
Question 8
If in the ledger, an account shows credit balance at the end of the year. This balance is shown as
Question 9
Journal records the transaction of the firm in a
Question 10
Ram purchased furniture and paid by cheque an amount of Rs 2000. What will be the Journal entry in the book of accounts :
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Jun 14SSC & Railway
