Amount spent on increasing the seating capacity in a cinema hall is, Capital expenditure, Revenue expenditure, Deferred revenue expenditure, None of the above., Expenditure incurred Rs 20,000 for trial run of a newly installed machinery will be, Preliminary expense, Revenue expenditure, Capital expenditure, Deferred revenue expenditure, Interest on bank deposits is, Capital receipt, Revenue receipt, Capital expenditures, Revenue expenditures, Amount received from IDBI as a medium term loan for augmenting working capital, Capital expenditures, Revenue expenditures, Revenue receipts, Capital receipt, Revenue expenditure is intended to benefit, Past period, Future period, Current period, Any period, Pre-operative expenses are, Revenue expenditure, Prepaid revenue expenditure, Deferred revenue expenditure, Capital expenditure, Closing stock is an item of ., Fixed asset, Current asset, Fictitious asset, Intangible asset, Balance sheet is, An account, A statement, Neither a statement nor an account, None of the above, Net profit of the business increases the, Drawings, Receivables, Debts, Capital, Carriage inwards will be shown, In the trading account, In the profit and loss account, On the liabilities side, On the assets side, Bank overdraft should be shown, In the trading account, Profit and loss account, On the liabilities side, On the assets side, Balance sheet shows the of the business., Profitability, Financial position, Sales, Purchases, Drawings appearing in the trial balance is, Added to the purchases, Subtracted from the purchases, Added to the capital, Subtracted from the capital, Salaries appearing in the trial balance is shown on the, Debit side of trading account, Debit side of profit and loss account, Liabilities side of the balance sheet, Assets side of the balance sheet, Current assets does not include, Cash, Stock, Furniture, Prepaid expenses, Goodwill is classified as, A current asset, A liquid asset, A tangible asset, An intangible asset, A prepayment of insurance premium will appear in, The trading account on the debit side, The profit and loss account on the credit side, The balance sheet on the assets side, The balance sheet on the liabilities side, Net profit is, Debited to capital account, Credited to capital account, Debited to drawings account, Credited to drawings account, Closing stock is valued at, Cost price, Market price, Cost price or market price whichever is higher, Cost price or net realisable value whichever is lower, Accrued interest on investment will be shown, On the credit side of profit and loss account, On the assets side of balance sheet, Both On the credit side of profit and loss account and On the assets side of balance sheet, None of these, If there is no existing provision for doubtful debts, provision created for doubtful debts is, Debited to bad debts account, Debited to sundry debtors account, Credited to bad debts account, Debited to profit and loss account, In accounting, computer is commonly used in the following areas:, Recording of business transactions, Payroll accounting, Stores accounting, All the above, Customised accounting software is suitable for, Small, conventional business, Large, medium business, Large, typical business, None of the above, Which one is not a component of computer system?, Input unit, Output unit, Data, Central Processing Unit, An example of output device is, Mouse, Printer, Scanner, Keyboard, One of the limitations of computerised accounting system is, System failure, Accuracy, Versatility, Storage, Which one of the following is not a method of codification of accounts?, Access codes, Sequential codes, Block codes, Mnemonic codes, TALLY is an example of, Tailor-made accounting software, Ready-made accounting software, In-built accounting software, Customised accounting software, People who write codes and programes are called as, System analysts, System designers, System operators, System programmers, Accounting software is an example of, System software, Application software, Utility software, Operating software.

+1 Acc L 11 - L 14 (EM)

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