Business studies Mcqs, Accounts Mcqs, Business studies notes,Quiz and case Based Questions, Quizizz

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   Money withdrawn and rent paid for the office 4,000 ?   Money withdrawn and furniture purchased for the office 10,000 ?   Money withdrawn and purchased car for personal use 5,00,000 ?   Money withd

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 of depreciation expenses remains the same throughout the useful life of a fixed asset? ?   Reducing balance method ?   Number of units produced method ?   Machine