Which one of the following is not a branch of accounting?

(a)

Financial accounting

(b)

Management accounting

(c)

Human resources accounting

(d)

None of the above

______ refers to financial obligation of the business.

(a)

Asset

(b)

Liability

(c)

Loss

(d)

Expense

Author of the famous book 'Arthasasthra' is _______

(a)

Maurya

(b)

Gupta

(c)

Kautilya

Accounts of persons with whom the business deals is known as_________.

(a)

Personal Account 

(b)

Real Account 

(c)

Nominal Account 

(d)

Profit & loss Account 

Prepaid rent is a  

(a)

Nominal A/c

(b)

Personal A/c

(c)

Real A/c

(d)

Representative personal A/c

The word journal has been derived from the French word 'Jour' Jour means _________

(a)

Cash

(b)

Money

(c)

Day

(d)

None of these

The balances of Personal and Real Accounts are shown in the ______________

(a)

trading account

(b)

profit and loss account

(c)

balance sheet

(d)

trial balance

A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

(a)

Journal

(b)

Day book

(c)

Trial balance

(d)

Balance sheet

The ____________ method is widely used, as it helps in the preparation of financial statements.

(a)

Total

(b)

Balance

(c)

Both 'a' and 'b'

(d)

None of these

Small payments are recorded in a book called_____.

(a)

Cash book

(b)

Purchase book

(c)

Bills payable book

(d)

Petty cash book