10 questions
Ram A/c is _____________ Account
Personal Account
Real Account
Nominal Account
A _________ is an Intangible Assets
Goodwill
Stock
Cash
Furniture
Profit And Loss Account is A Real Account
True
False
Balance sheet is an Account
True
False
The Indian Partnership Act is in force since __________
1932
1881
1956
1984
Debit Balance of Trading Account
Gross Profit
Gross Loss
Net Profit
Net Loss
Find Odd One - Building, Machinery,Furniture,Bills Payable
Building
Machinery
Furniture
Bills Payable
Bank Loan is a Current Liabilities
True
False
Liability of Partners in a partnership business is __________
Limited
Unlimited
Limited and Unlimited
None of the above
Credit Balance of Profit and Loss Account
Net Profit
Gross Profit
Gross Loss
Net Loss