Accounting Variation Proforma (11-20)

All of them are same except?

Returns inward

Returns outwards

Sale return

Returns debits

Correct! Wrong!

What is the nature of sales?

Liability

Asset

Revenue

Expense

Correct! Wrong!

The person or corporation from whom the business is purchased is?

Investors

Stockholders

Reserve taker

Vendor

Correct! Wrong!

The rent paid to landlord should be credited to?

Rent

Owner equity

Landlord

Cash

Correct! Wrong!

Every transaction has minimum __________________?

Three aspects

Four aspect

Five aspects

Two aspects

Correct! Wrong!

If the goods are purchased for the purpose of resale on credit, then the following account would be credited?

Goods

Creditor

Merchandising

Purchase

Correct! Wrong!

Expired cost of any fixed assets?

The purchase of an asset on credit

Decreases

Devalue

Deprecation

Correct! Wrong!

To record goods returned inward?

Debit returns inwards and credit receivables account

Debit sales account and credit payables account

Debit returns inward and credit payable account

Debit receivable account and credit returns inwards account

Correct! Wrong!

What the nature of purchases account?

Asset

Liabilities

Expenses

Drawings

Correct! Wrong!

When drew cash from bank Rs. 8,000 for office use bank account will be?

None of given options

No record

Correct! Wrong!

Accounting Variation Proforma (11-20)

Super Genius ***

Excellent ***

Very Good **

Good *

Fair

Fail

Accounting Variation Proforma (11-20)

All of them are same except?

What is the nature of sales?

The person or corporation from whom the business is purchased is?

The rent paid to landlord should be credited to?

Every transaction has minimum __________________?

If the goods are purchased for the purpose of resale on credit, then the following account would be credited?

Expired cost of any fixed assets?

To record goods returned inward?

What the nature of purchases account?

When drew cash from bank Rs. 8,000 for office use bank account will be?

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