Which concept states that business and owner are separate entities?
Anonymous Quiz
8%
Accrual concept
78%
Business entity concept
10%
Going concern concept
3%
Consistency concept
Which document is considered the basis of accounting entries?
Anonymous Quiz
10%
Ledger
14%
Trial balance
63%
Journal
13%
Voucher
โค3
In accounting, 'debit' means:
Anonymous Quiz
22%
Increase in liability
19%
Decrease in asset
57%
Increase in asset or expense
2%
None of the above
Which of the following is an example of a nominal account?
Anonymous Quiz
49%
Wages A/c
18%
Machinery A/c
18%
Cash A/c
15%
Loan A/c
โค2
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What does a credit balance in Capital A/c indicate?
Anonymous Quiz
15%
Loss
47%
Profit
34%
Liability of business towards owner
4%
Expense
Double entry system means:
Anonymous Quiz
36%
Two transactions
10%
Two ledgers
51%
Two parties and two accounts involved
4%
Two journals
โค1
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Sankalp - Business Environment Concept + MIQ.pdf
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โช๏ธ Accounts Fundamental of Partnership for Half Yearly 2026
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โค1
เคจเคฟเคฎเฅเคจ เคฎเฅเค เคธเฅ เคเฅเคจ เคตเฅเคฏเคตเคธเคพเคฏเคฟเค เคตเคพเคคเคพเคตเคฐเคฃ เคเฅ เคตเคฟเคถเฅเคทเคคเคพ เคจเคนเฅเค เคนเฅ?
Anonymous Quiz
20%
เค
เคจเคฟเคถเฅเคเคฟเคคเคคเคพ
42%
เคเคฐเฅเคฎเคเคพเคฐเฅ
22%
เคธเคพเคชเฅเคเฅเคทเคคเคพ
17%
เคเคเคฟเคฒเคคเคพ
โค2
Which dimension of business environment requires putting a statutory warning on tobacco product packets?
Anonymous Quiz
5%
Technological environment
14%
Economic environment
64%
Legal environment
16%
All of the above
โTrends refer to changes and inclinations towards new products and services.โ This statement describes the significant effect of which environment on business?
Anonymous Quiz
34%
Economic environment
53%
Social environment
7%
Political environment
7%
None of these
Which of the following is an example of the social environment?
Anonymous Quiz
15%
Money supply in the economy
22%
Consumer Protection Act
18%
The Constitution of the country
44%
Family composition