11. What the nature of purchases account?

Correct! Wrong!

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

Correct! Wrong!

13. Expired cost of any fixed assets?

Correct! Wrong!

14. To record goods returned inward?

Correct! Wrong!

15. Every transaction has minimum __________________?

Correct! Wrong!

16. What is the nature of sales?

Correct! Wrong!

17. The rent paid to landlord should be credited to?

Correct! Wrong!

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

Correct! Wrong!

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

Correct! Wrong!

20. All of them are same except?

Correct! Wrong!

Accounting Variation Proforma (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

Share your Results: