Opening current account of a private limited company, one of the following items is not taken :

Which one of the following is not a demand and time liability?

No joint account is permitted in the case of :

When a cheque deposited with bank is dishonoured, it will be recorded in cash book in :

Difference in the trial balance is transferred to :

Prepaid rent is treated as :

At what rate compound interest can be given on terms deposits?

Loss of goods by fire is credited to ....... account.

Debit note number will appear in the column provided in :

The claims of the owner against the business is called :

Choose the odd one :

There should be no entry in the books of accounts without a :

Bankers are not merely dealers in money but in an sense they are the .......... of money.

A banker shall not open an account in the name of :

Prepaid expense account is a .......... account.

Cost of goods sold plus gross profit is equal to :

Provisions are made by passing ________ entry

Current assets do not include :

Interest on capital is credited in the ......... account.

Premium paid on the Life Insurance Policy of the proprietor shall be debited to ........... account.

Purchased furniture is recorded in purchase a/c is an example of :

The Bank draft is drawn by :

A bill signed by one person without any consideration is called ......... bill.

________ is a payment undertaking, given by a bank on behalf of a buyer to pay to a seller for a given amount of money on presentation of specified documents goods.

The term depreciation is related with ......... assets.

_______ account is related with rectification of accounting error.

Undistrbuted portion of net profit is a :

The best system for manintaing petty cash book is :

Which is a depreciation charging method?

________ is the second item to be appeared under capital and liabilities in the Balance Sheet of a banking company.

A payment which fulfill all the conditions laid in the instrument is called ________

Which of the following is not a part of the owned funds?

Assets acquired for long term operations of a business ?

Debit note is prepared by _______

Narration is associated with _________

The change in the value of current Assets is called ________

The purpose of creating provision is a _________

In a sole trader's Balance Sheet Assets are arranged in the order of :

Which of the following accounts always shows a debit balance?

Which of the following account shows a credit balance ?

Salaries and wages are debited in _______

Posting is associated with ________ account

Carriage outward is debited to _______

Carriage is debited to ________

Narration is associated with _______

Lorry hire (carriage) on machinery is ___________

Subsidy received is a __________

Amount paid as fees to an architect is _________

Amount of advertisement of introducing a new product is ___________

Interest on loan paid is __________