The account which increased by a debit entry :

Based on ........... concept non-financial transactions are not recorded in account.

The document which contains the terms and conditions of partnership is :

First column in the petty cash book :

The source document for the purchase returns:

Cost of services and things used for earning revenue.

Purchase of furniture is debited to purchases a/c. It ........ the agreement of Trial Balance.

The uncalled portion of share capital set apart to be called only at the time of liquidation

Depreciation due to change in technology or change in fashion

Excess of credit over debit in the Income and Expenditure account is

Expenses incurred for the installation of machinery is debited to

The relationship between consignor and consignee is

Percentage of Depeciation to building

The Reserve Fund is appropriated from

The system in which customers could withdraw from their bank balance is :

Make or buy decision is made by comparing purchase price outside with

The set of exclusive rights granted by a government to an investor or his assigee for a limited period of time in excahnge for a public disclossure of innovation

The return received on investing in the shares of a company is

The profit on depreciation policy is transferred to

The cancellation of shares at the initiative of the shareholder is termed as

Income Tax paid by a Sole Proprietor on his business income should be

Repairs incurred before using a second-hand van purchased recently is a

Which Accounting Convention states that accounting practices should remain unchanged from time to time?

Which Accounting Standard deals with revenue recognition?

Revenue received from the sale of goods is treated as an earth ings during the period in which

Dividend declared by Board of Directors in between two An- nual General Body meeting is known as :

A predetermined cost of an activity, operation or process established as a basis for control and reporting is known as

Amount collected by a company as Security Premium should be used to

If the rate of gross profit is 20% on cost of goods sold and the sales is Rs. 1,00,000, the amount of gross profit will be

Under Single Entry System, the amount of opening stock can be ascertained by preparing a/an

Donations received by Non-profit-making Organizations for a special purpose will be taken to the

Preliminary expenses are transferred by the vendor company at the time of absorption to

Reduction of share capital requires the permission of

Loss sufferred from the date of acquisition of business to the date of incorporation should be debited to

The shares issued as part of capitalisation of reserves

The balance of the Debenture Sinking Fund account after to demption of debentures is transferred to

A right of one person to satisfy a claim against another by holding or retaining the posession of others property is termed as

The balance in the Share Forfeited Account after the reissue of forfeited shares is transferred to

If vendors are issued fully paid shares of Rs. 1,00,000 in con- sideration of net asset worth Rs.85,000, the balance of Rs. 15,000 will be debited to

Per unit fixed cost

An irrecoverable cost which is caused by complete abandonment of a plant :

On replacement of an asset, any amount realised on account of sale of old materials is credited to

As per IRDA regulations, an Insurance company is required to prepare :

Provision for doubtful debts in case of standard asset is to be made at

Rebate on bills discounted for a banking company is

Reversionary bonus is the bonus payable by the insurance company

Policy maturing only on the death of the insured is termed as

Under Merrick's multiple piece rate system, 110% of ordinary piece rate is given to workers whose level of performance is between

Labour turnover is calculated by

Wages sheet is prepared by the