Accountancy

Principles of Accounting
In regression analysis, if predicted cost value is 65 and observed cost value is 19 then disturbance term will be:
46
56
36
76
Author: rikazzz Comment
Principles of Accounting
Usefulness, objectivity and feasibility are the three basis norms found in:
Accounting transactions
Accounting concepts
Accounting principles
None of these
Author: rikazzz Comment
Principles of Accounting
The person who is indebted to use is ours:
Debtors
Creditor
Owner
Agent
Author: rikazzz Comment
Principles of Accounting
When goods are lost by the fire or by the theft or an accident, purchases a/c should be:
Credited
Debited
Both of these
None of these
Author: rikazzz Comment
Principles of Accounting
Profit and losses are recorded by:
Personal account
Real account
Nominal account
Machinery account
Author: rikazzz Comment
Principles of Accounting
A wish draw of cash from the business by proprietor should be debited to:
Cash account
Drawing account
Capital account
Expense account
Author: rikazzz Comment
Principles of Accounting
Cash purchases from Khalid will be posted to debit side of:
Cash a/c
Sale A/c
Purchases a/c
Expense a/c
Author: rikazzz Comment
Principles of Accounting
Management accounting provides invaluable services to management in performing:
All management functions
Controlling functions
Coordinating management functions
None of these
Author: rikazzz Comment
Principles of Accounting
Accounts relating to persons or firms are called real account:
Real accounts
Proprietary accounts
Personal accounts
Nominal accounts
Author: rikazzz Comment
Principles of Accounting
Transactions are recorded chronologically so, journal is called:
Entry book
Transaction book
Chronological book
Voucher
Author: rikazzz Comment

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