Who developed the double - entry book - keeping system?

(a)

Batliboi

(b)

Luco pacioli

(c)

Grewal

(d)

Gupta

Statement used to measure the arithmetical accuracy of accounts is ______

(a)

Balance Sheet

(b)

Trial balance

(c)

Accounting

Which of the following concepts assumes that a business will last indefinite

(a)

Business Entity

(b)

Going Concern

(c)

Periodicity

(d)

Conservation

The dual aspect concept is the basis for ______ system.

(a)

single entry

(b)

double entry

(c)

more entry

Matching concept means __________.

(a)

Transactions recorded at accrul concept 

(b)

Anticipate no profit but recognize all losses 

(c)

Asset=capital-liabilities 

(d)

Expenses=Revenue

Accounting equation is formed based on the accounting principle of

(a)

Dual aspect

(b)

Consistency

(c)

Going concern

(d)

Accrual

3hony purchased goods of Rs. 5000 for cash at 20% trade disount and 5% cash discount Purchase account is to be debited by Rs.________.

(a)

Rs. 3,800

(b)

Rs. 5,000

(c)

Rs. 3,750

(d)

Rs. 4,000

Purchases book does not keep record of purchases of _____

(a)

assets

(b)

liabilities

(c)

goods

(d)

none of these

A bank statement is a copy of _______.

(a)

Cash column of the cash book

(b)

Bank column of the cash book

(c)

A customer's account in the bank's book

(d)

Cheques issued by the business

Depreciation is provided on ____________

(a)

Fixed assets

(b)

Current assets

(c)

Outstanding charges

(d)

All assets