Class 11th : Mene Commerce leli
Class 12th : Commerce meri leri hai
L.H.S = R.H.S
Hence Balance Sheet doesn't match 😪
Class 12th : Commerce meri leri hai
L.H.S = R.H.S
Hence Balance Sheet doesn't match 😪
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Sale of goods to Ramesh for cash is debited to
Anonymous Quiz
30%
Sales A/c
27%
Ramesh
40%
Cash A/c
2%
Stock A/c
Recording of transaction in a Journal is called
Anonymous Quiz
20%
Posting
74%
Journalising
6%
Transfer
0%
Ruling
Out of the following assets, which one is not an intangible asset?
Anonymous Quiz
11%
Patents
11%
Trademark
22%
Goodwill
56%
Investment
Every successful organization gets success by following a systematic procedure. This procedure is called _____
Anonymous Quiz
22%
Coordination
7%
Controlling
52%
Management
19%
Planning
From the options below, decision-making is the part of which one?
Anonymous Quiz
13%
Organizing
66%
Planning
6%
Staffing
15%
Directing
The art of recording all business transactions in a systematic manner in a set of books is called ____
Anonymous Quiz
40%
Accounting
45%
Bookkeeping
10%
Ledger
6%
Accountancy
Which of the following is not a business transaction?
Anonymous Quiz
7%
Bought furniture for Rs 10,000 for business
5%
Paid for salaries of employees Rs 12,000
29%
Paid son's fees from the business Rs 2000
58%
Paid son's fees from his personal bank account Rs 8000
The Pioneer of Accounting is ___
Anonymous Quiz
10%
Arthur Field House
35%
William Pickles
10%
Gitman
45%
Lucas Pacioli
Which of the following has a credit balance?
Anonymous Quiz
17%
Carriage Inward
48%
Discount Received
19%
Bad Debts
16%
Carriage Outward
The primary feature of planning that restricts flexibility is ____
Anonymous Quiz
47%
Rigidity
14%
Continuity
31%
Decision making
9%
Coordination
A limitation of planning is __
Anonymous Quiz
16%
Focus on outcomes
11%
Facilitates control
63%
Time consuming
9%
Encourages innovation
Basic function of financial accounting is to ____
Anonymous Quiz
39%
Record all business transactions
4%
Interpret financial data
2%
Assist the management
54%
All of the above
Goodwill account is a _____
Anonymous Quiz
23%
Personal Account
35%
Nominal Account
32%
Real Account
11%
All of the above