Challenger App

No.1 PSC Learning App

1M+ Downloads
Interest on capital is ----- of business.
----- accounts are closed and transferring to p/L account.
Asset account will usually shows a ---- balance.
Cash discount is allowed by ---.
The process of transferring entries from journal to ledger is ---.
Trade discount is allowed by ---.
Assets are sold on credit are recorded in ----.
Balancing of account means -----.
---- is a formal record of all transactions relating to a particular item.
Journal is the book ---.
The source document provide information about nature of --- involved in it.
FDB, the Federation of Danish Co-operative Stores, was founded in which year?
Which is the central egg marketing & selling society established in 1975?
The Co-operative Bacon Industry began in Horsens in which year?
What kind of liability did members of Danish dairy co-operatives have?
Which club promoted co-operative spirit among rural youth in Denmark?
Which invention in 1878 greatly aided Danish dairy co-operatives?
What was the trade name under which Danish co-op dairy products were sold?
In which year was the first dairy co-operative started in Jutland, Denmark?
Who is recognized as the Father of Dairy Co-operatives in Denmark?
What was the educational philosophy behind Folk High Schools as promoted by Grundtvig?
Which group was especially targeted by Rural Schools in the Danish co-operative education system?
What are 'hot beds' of the co-operative movement according to the three-tiered schooling system in Denmark?
What role did Folk High Schools primarily play in Denmark's society?
What was one of the key aims of the Folk High Schools founded by Grundtvig?
Who founded the Folk High School concept in Denmark?
Which sectors saw widespread success of cooperatives in Denmark?
Why is Denmark known as the “Dairy Farm of Europe”?
Which year did the Rochdale Pioneers' principles officially become the basis for the International Cooperative Alliance (ICA)?
Under which act was the Rochdale Society originally registered?
Who was the president of the Rochdale Pioneers, often called the Constitution Maker?
How much capital did each founder contribute initially to the Rochdale Society?
Where was the first store of the Rochdale Equitable Pioneers Society located?
What significant principle did the Rochdale Pioneers develop that influenced global cooperatives?
When was the Rochdale Equitable Pioneers' Co-operative Society founded?
The Cooperative Trading Organization, started by William King in 1827 ?
Who founded "The Co-operator", a journal aimed at spreading co-operative ideas and educating workers?
According to William King --- is considered to be the nucleus for cooperative life.
Who is known as, 'The intellectual father of the co-operative movement in England' ?
When was Dr.William King born?
Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the concept.
Full form of IASB
Salary to Manager will be recorded in the books of accounts but appointment of manager is not recorded due to ---.
Closing stock is valued at lower of cost or market price. Which concept of accounting is applied here.
Under which accounting concept fixed assets are recorded at cost without considering the market price (whether low or high).
Which accounting principle requires that life of a business be broken into smaller parts
Under which accounting principle quality of manpower is not recorded in the books of accounts
According to which accounting principle personal expenses of proprietor are recorded in drawings account.
The .......... Concept states that if straight line method of depreciation is used in one year, then it should also be used in next year.
The ....... concept requires that the accounting transaction should be free from the bias of accountant and others.