1. By what rate the balance of head office account is converted in foreign branch

2. Bad debts recovered account will be transferred to

3. Which of these is not true about a promissory note

4. Expenses which have become due during the accounting period for which the final accounts have been prepared but have not yet been paid is called

5. On 31st March, 2018 (`) On 31st March, 2019 (`) Subscription Outstanding 55,000 72,000 Subscription Received in Advance 31,000 37,000 The amount of subscription received during the year 2018-19 would be

6. Total depreciation of an asset cannot exceed its:

7. In the case of net worth method of single entry system, the net profit is ascertained by

8. Which of the following is an external cause of depreciation

9. Under which method of depreciation annual depreciation goes on decreasing

10. Purchase of new machinery is shown in

11. Which of the following voucher is used to record transactions that do not affect bank & cash?

12. ` 4,500 paid to Madan as salary for the month of December‘12, this was debited to his A/c, this is a/an ……………………… error.

13. When benefit of a revenue expense extend beyond an accounting year, it is called

14. From the following details estimate the capital as on 31.03.2013, Capital as on 01.04.2012 ` 2,05,000. Drawing ` 20,000, Profit during the year ` 25,000

15. Overcasting of purchases journal would affect

16. The interest lost on the acquisition of an asset is taken into account in calculating depreciation in:

17. In single entry system sales are computed by adding

18. Amount received from the proprietors as capital or loan receipt is treated as-

19. While checking the accounts of ABC the following discrepancies were noticed, even though the Trial Balance was made to balance by putting the difference to Suspense A/c. (i) Sales day book for the month of June‘12 was found overcast by ` 7,000. (ii) A credit purchase of ` 3,000 was omitted to be recorded in the days book. (iii) ` 4,300. Received from A credited to A A/c ` 3,400. (iv) Purchase of Office Equipment worth ` 5,000 included in trading purchases.
From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

20. Donations received for a special purpose are

21. The term 'compound entry' means that the journal entry has

22. In accounting consignment means

23. The closing stock will appear in trial balance at the

24. Outstanding Salaries are shown as:

25. Which of the following is true?