Accounting - Practice Test

(A) if unpaid amount is transferred to his loan account

(B) if he does not give public notice

(C) if he starts a similar business elsewhere

(D) in all the situations till he survives

(C) if he starts a similar business elsewhere

(A) Credit side of the current account

(B) Credit side of the capital account

(C) Debit side of the current account

(D) Debit side of the capital account

(A) Credit side of the current account

(A) find out profit or loss

(B) keep correct and complete record of business transactions

(C) show the correct position of assets and liabilities

(D) examine the accuracy of business transactions

(B) keep correct and complete record of business transactions

(A) Profit and loss account

(B) Realisation account

(C) Capital Account

(D) Misc. Debtor account

(B) Realisation account

(A) Profit and loss

(B) Appropriation of profits

(C) State of affairs

(D) All the above

(C) State of affairs

Accounting - Study Mode