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Showing posts with the label Quiz and puzzles Accountancy XI
Accounting Terms Quiz-2
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Accounting Terms Quiz-2 Index => Accounting Terms Quiz-2 Quiz Show all questions <= => Purchase refers to the buying of _________. ? Goods ? Assets ? Investment ? stationary Goods taken by the proprietor for his personal use will be termed as__________ ? Drawings ? Sales ? Withdrawal of Capital ? Liability A statement of balances of assets and liabilities is called_________ ? Capital ? Fixed Assets ? Balance Sheet ? Profit and Loss Account Goods sold on credit to Ram for 2,000. He could not pay the amount due and it was written off as__________ ? Bad Debts Recovered ? Bad Debts ? Loss on Sale ? Increase in Debtors Which of the following is drawings: ? Money withdrawn and re...
Depreciation Quiz-1
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Depreciation Quiz-1 Index => Depreciation Quiz-1 Quiz Show all questions <= => Depreciation is ? Revenue expenditure ? capital expenditure ? Deferred revenue expenditure ? None of the above Depreciation helps in determining ________. ? Increases the value of the asset ? Revenue generation ? Increase the burden of tax ? Accurate level of profit Every fixed asset loses its value due to use or other reasons. This decline in the value of assets is known as ________. ? Provisions ? Depreciation ? Devaluation ? Amortisation pick the odd one out: ? original cost mentod ? Fixed instalment method ? straight line method ? Diminishing balance method Under which depreciation method does the amount...