Principles of Accounting
The cash or good taken away by the proprietor from the business for his personal use are called his:
Capital
Cash
Drawings
Purchases
Drawings
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Market value of investments is shown as a fool note according to:A. Convention of disclosure
B. Convention of consistency
C. Convention of conservation
D. None of these
The act of collecting processing reporting, analyzing, interpreting and projecting financed information is called:
A. Economics
B. Accounting
C. Information to business
D. Introduction to business
Ledger is a book in which :
A. Only real accounts are opened
B. Only real and personal accounts are opened
C. All the real and personal accounts are opened
D. None of these
Transactions renting to persons or institutions:
A. Real accounts
B. Nominal account
C. Personal accounts
D. Drawings account
When we post the various entries from the journal into the ledger, we should write the ledger page in the:
A. Ledger folio column of journal
B. Journal folio column of journal
C. Both A and B
D. None of these
The “qualitative aspect” of things are ignored by:
A. Dual aspect concept
B. Entity concept
C. Money measurement concept
D. None of these
Accounting to the journalizing rule, the page numbers of the ledger where the two concerned accounts have been posted are written in:
A. The first column of journal form
B. The second column of journal form
C. The third column of journal form
D. The forth column of journal form
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