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MCQs for topic: General ABK

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1 Drawing must be deducted from

2 Wages paid for installation of a new machinery should be

3 Drawings account is classified under

4 What does a Nominal Account having debit balance represent?

5 A bank pass book is a copy of

6 Nominal account is classified under

7 Goods given as charity should be

8 Root cause for financial accounting is

9 Which account is generally used in single entry and incomplete records to obtain the amount of credit sales made during an accounting period?

10 Income tax paid on business income by a sole proprietor is

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Question ID: 295