Accounting Variation Proforma (11-20)

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

No record

None of given options

Correct! Wrong!

What is the nature of sales?

Expense

Liability

Revenue

Asset

Correct! Wrong!

Expired cost of any fixed assets?

Decreases

Deprecation

Devalue

The purchase of an asset on credit

Correct! Wrong!

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

Creditor

Merchandising

Purchase

Goods

Correct! Wrong!

Every transaction has minimum __________________?

Five aspects

Four aspect

Two aspects

Three aspects

Correct! Wrong!

The rent paid to landlord should be credited to?

Rent

Owner equity

Cash

Landlord

Correct! Wrong!

All of them are same except?

Sale return

Returns outwards

Returns inward

Returns debits

Correct! Wrong!

To record goods returned inward?

Debit sales account and credit payables account

Debit returns inward and credit payable account

Debit returns inwards and credit receivables account

Debit receivable account and credit returns inwards account

Correct! Wrong!

What the nature of purchases account?

Expenses

Asset

Drawings

Liabilities

Correct! Wrong!

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

Vendor

Investors

Stockholders

Reserve taker

Correct! Wrong!

Accounting Variation Proforma (11-20)

Super Genius ***

Excellent ***

Very Good **

Good *

Fair

Fail

Accounting Variation Proforma (11-20)

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

What is the nature of sales?

Expired cost of any fixed assets?

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

Every transaction has minimum __________________?

The rent paid to landlord should be credited to?

All of them are same except?

To record goods returned inward?

What the nature of purchases account?

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

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