1) Bookkeeping is primary stage.
2) Accounting begins where bookkeeping ends.
3) Bookkeeping requires advanced analytical skills, whereas accounting relies mainly on routine clerical work.
2) Accounting begins where bookkeeping ends.
3) Bookkeeping requires advanced analytical skills, whereas accounting relies mainly on routine clerical work.
Anonymous Quiz
7%
1 only
75%
1 and 2 only
4%
2 and 3 only
13%
All of the above
β€11
1) Internal liabilities represent obligations owed by the business entity to its owners.
2) Current liabilities are obligations payable after a period exceeding one year.
3) Contingent liabilities are recorded on liability side of Balance Sheet.
2) Current liabilities are obligations payable after a period exceeding one year.
3) Contingent liabilities are recorded on liability side of Balance Sheet.
Anonymous Quiz
34%
1 only
20%
2 only
14%
1 and 2 only
31%
2 and 3 only
π10β€6
1) Trade Receivables encompass both Trade Debtors and Bills Receivable.
2) A person or entity who owes money to the business for credit purchases of goods is termed a Creditor.
3) Bills Payable is written commitment to pay a specific sum to a supplier.
2) A person or entity who owes money to the business for credit purchases of goods is termed a Creditor.
3) Bills Payable is written commitment to pay a specific sum to a supplier.
Anonymous Quiz
5%
1 only
10%
2 only
27%
1 and 2 only
58%
1 and 3 only
β€12π2
1) A person is Solvent if its total asset value equals or exceeds its outside obligations/liabilities.
2) Insolvent person is unable to pay business debts out of available assets
3) Bad Debts represent amounts recovered from previously insolvent debtors.
2) Insolvent person is unable to pay business debts out of available assets
3) Bad Debts represent amounts recovered from previously insolvent debtors.
Anonymous Quiz
58%
1 and 2 only
16%
2 and 3 only
7%
1 and 3 only
20%
All of the above
β€16
Ok Done β
for Today
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π¨ Join JKP CONSTABLE BATCH Now:
π https://web.igclasses.com/new-courses/24?type=1
Now, itβs time to test your preparation! π₯
Today, we are releasing the TEST SCHEDULE for next week well in advance! ποΈ
Starting today, tests will be uploaded on a regular basis, just like we did for FAA & JKPSI.
"Mehnat jitni khamoshi se karoge, kamyabi utna hi shor machayegi!" β‘
"Khwaab bade hain toh mehnat bhi double honi chahiye. Ab bas rukna nahi hai!" π―
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π¨ Join JKP CONSTABLE BATCH Now:
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