Liability are arisen from which of the following events??
A. Present event
B. Future event
C. Past event
D. None of them
B. Future event
C. Past event
D. None of them
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2018
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October
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- Total depreciation of an asset cannot exceed its:?
- A chart of accounts generally start with which of ...
- Discount for quick repayment of debt is normally r...
- Which of the following accounts will be credited i...
- Journals are also referred as_____________??
- Which of the following will be debited if a busine...
- In which of the following orders data is entered i...
- The standard format of journal does not include wh...
- _________ is the evidence that a transaction took ...
- Discount allowed is___________??
- A journal entry in which two or more account is de...
- Goods returned by customer should be debited to wh...
- Discount allowed is a kind of deduction from______...
- The other name of journal is____________??
- Every business transaction affects at least ______...
- General journal is a book of _______ entries??
- The process of recording transactions in different...
- Assets-Liabilities=____________??
- The process of recording is done??
- Current assets – Current liabilities=??
- An increase in provision for bad debt will________...
- Depreciation decreases____________??
- If Cash=$1000 inventories=$4000 Debtors=$5000 fixe...
- Which of following best describes the increase in ...
- Fresh capital introduction will increase__________...
- Which of the following accounting equation is corr...
- Payment of expenses will ______ the assets?
- Net income equal to Revenues minus____________??
- If the business’s owner withdraws cash for his/her...
- If the total liabilities of a business decrease by...
- The Basic accounting equation is___________??
- Find out the value of assets if: Liabilities=$5000...
- Capital of a business decreases if there is an inc...
- Capital increases if _________ increases??
- Which of the following is the closing balance of a...
- Which of the following accounts are closed at the ...
- Which of the following is a real account??
- Office equipments account is classified as _______...
- Which of the following is the normal balance of a ...
- Which of the following statements is incorrect reg...
- The normal balance of asset account is____________??
- The normal balance of liability account is________...
- The normal balance of capital account is__________...
- If debit balance is greater than creadit balance t...
- Which of the following is known as the base for pr...
- _________ will be credited if goods are given as c...
- If credit side of a bank account is greater than t...
- An account records the ___________ in the balance ...
- Which of the following is the practical implementa...
- Transferring entries from journal to ledger accoun...
- Identify the nominal account?
- Identify the nominal account?
- Double entry implies that?
- _______ the withdrawal of cash and goods by the ow...
- Net loss occurs when______________??
- Identify the asset from the following:?
- What is equity??
- Which of the following is a liability??
- What is the basic accounting equation??
- Which is the most important characteristic that al...
- Which of the following can be considered as the mo...
- The gross decrease in economic benefits for the bu...
- Liability are arisen from which of the following e...
- ________ is the gross inflow of economic benefits??
- Liabilities are which of the following??
- Keeping the log of financial information in books ...
- ________ is a separate legal entity that Total cap...
- For which step of accounting process the accountan...
- Bookkeeping mainly concerns with which part of acc...
- Financial accounting provides financial informatio...
- Identify the correct sequence of accounting process?
- In accounting an Economic event is referred to as:?
- Credit memo or credit note No. is entered in which...
- Specialized journals are more adequate for which T...
- BUSINESS paid rent amounting to $100″ which of the...
- Which of the following is known as an evidence tha...
- Debit note is the basis for recording a transactio...
- Credit note is the basis for recording a transacti...
- Credit purchase of plant and machinery is recorded...
- A brief explanation recorded below every entry in ...
- Cash purchases is recorded in which of the followi...
- Which of the following is a type of cash receipt j...
- Cash received from debtor is recorded in which of ...
- Which of the following specialized journals record...
- Sales and purchase journal don’t record__________??
- Which of the following specialised journals will r...
- Which of the following account with normal balance...
- Transactions that a BUSINESS doesn’t record in any...
- Another name of journal is_____________??
- A sale of Rs. 50.000 to A was entered as a sale to...
- If debit balances = credit balances, trial balance...
- Trial balance is commonly prepared??
- Debit balance = Credit balance in a trial balance ...
- Which of the following is true about a trial balan...
- If a transaction is completely omitted from the bo...
- ________ is the common base for preparing a trial ...
- Trial balance is prepared to check accuracy of____...
- Institute of Chartered Accountants of Pakistan was...
- Goods sent on approval basis’ have been recorded a...
- The systems of accounting are _____________??
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October
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A. Office equipment B. Rent expenses C. Rent income D. Insurance expense
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A. Asset=Expense Income B. Assets=Cash Capital C. Assets=Capital Liabilities D. Assets=Expenses Capital
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A. Debit increases the capital account balance B. Credit increases the capital account balance C. Fresh capital increases the capital acc...
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A. Identification of economic event B. Communication of financial information C. Recording financial information D. Making decisions abo...
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(assuming the amount of capital remain same) A. Remain constant B. Decrease by $5000 C. Increase by $5000 D. Increase by $10,000
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A. Increase B. Decrease C. Increase or decrease D. Appreciation
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A. Account payable B. Account receivable C. Cash account D. Discount account
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A. Liabilities B. Cash C. Bank D. Capital
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A. Balance c/d B. Balance b/d C. Balance e/d D. Balance f/c
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A. Cash flow statement B. Income statement C. Statement of changes in equity D. Statement of financial position
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