________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

(a)

Book-keeping

(b)

Accounts

(c)

Management

(d)

All the above

__________ refers to choosing a desirable course of action from alternative course of actions.

(a)

Control

(b)

Forecasting 

(c)

Decision Making 

(d)

None of the above

Evaluating the performance of different periods is possible in _______

(a)

Periodicity concept

(b)

Dnal aspect

(c)

Accrual concept

The relationship of assets with that of liabilities to outsiders and to owners in the form is known as _____.

(a)

single entry system

(b)

double entry system

(c)

accounting equation

(d)

none of these

Computer purchased from Rajesh should be debited to __________.

(a)

Computer A/c

(b)

Purchases A/c

(c)

Rajesh A/c

The preparation of ___________ is the third step in the accounting process.

(a)

journal

(b)

ledger

(c)

trial balance

(d)

balance sheet

If a cheque issued by us is dishonoured the credit is given to ____________

(a)

Suppliers A/c

(b)

Customer's A/c

(c)

Bank A/c

(d)

Cash A/c

If original cost of the asset is Rs.1,00,000 and the rate of depreciation is 10% per annum. The depreciation in the first year will be Rs.___________

(a)

Rs. 10,000

(b)

Rs. 1,000

(c)

90,000

(d)

1,00,000

Cost of an asset is Rs. 3, 00,000. Rate of depreciation is 10% on WDV method. Value of the asset at the end of the second year will be_____________.

(a)

Rs.2, 70,000

(b)

Rs. 30, 000

(c)

Rs.2, 50,000

(d)

Rs.2, 43,000

The facts and figures that are fed into a computer for further processing are called __________

(a)

Connectivity

(b)

Procedure.

(c)

data

(d)

software