Principles of Accounting

Principles of Accounting
A post dated cheque bears ______ date.
Past
No
Future
Present
Author: rikazzz Comment
Principles of Accounting
_______ is used to an economic event in accounting.
Event
Transaction
Dealing
Operations
Author: rikazzz Comment
Principles of Accounting
Which of the following accounts would NOT be on a balance sheet?
Rent Expense
Land
Notes Payable
Unearned Revenue
Author: rikazzz Comment
Principles of Accounting
Which of the following accounts would be included on an Income Statement?
Owner’s Capital
Owner’s Withdrawals
Earned Revenue
Unearned Revenue
Author: rikazzz Comment
Principles of Accounting
Which is listed first on a trial balance?
Revenues
Expenses
Assets
Liabilities
Author: rikazzz Comment
Principles of Accounting
After recording a transaction, data is then posted to what?
A journal
A ledger
Post Account
Trial balance
Author: rikazzz Comment
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

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