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Sale of goods to Ramesh for cash is debited to
Anonymous Quiz
29%
Sales A/c
29%
Ramesh
40%
Cash A/c
2%
Stock A/c
Recording of transaction in a Journal is called
Anonymous Quiz
20%
Posting
74%
Journalising
5%
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
21%
Coordination
7%
Controlling
52%
Management
20%
Planning
From the options below, decision-making is the part of which one?
Anonymous Quiz
12%
Organizing
67%
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
39%
Accounting
45%
Bookkeeping
9%
Ledger
7%
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
30%
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
9%
Gitman
46%
Lucas Pacioli
Which of the following has a credit balance?
Anonymous Quiz
17%
Carriage Inward
47%
Discount Received
21%
Bad Debts
16%
Carriage Outward
The primary feature of planning that restricts flexibility is ____
Anonymous Quiz
48%
Rigidity
13%
Continuity
32%
Decision making
7%
Coordination
A limitation of planning is __
Anonymous Quiz
18%
Focus on outcomes
12%
Facilitates control
59%
Time consuming
11%
Encourages innovation
Basic function of financial accounting is to ____
Anonymous Quiz
38%
Record all business transactions
5%
Interpret financial data
2%
Assist the management
55%
All of the above
Goodwill account is a _____
Anonymous Quiz
22%
Personal Account
33%
Nominal Account
35%
Real Account
10%
All of the above