Suspense account is grouped under__________.

Which of the following is not a hardware?

Tally package was developed by________

A set of tools and programs to manage the overall working od a computer using a defined set of hardware component is called an ___________

 Wages outstanding is_________.

The decrease in book value of fixed assets due to usage or passage of time is called_________.

_________contributed by proprietor is a liability to the business.

Wages is an example of ___________

Carriage outwards will be shown

An asset worth Rs. 1,00,000 is sold for Rs. 75,000 the capital loss amounts to __________

Depreciation on fixed assets is__________expenditure.

For oil wells _____________method Of depreciation is to be followed

A trader followed WDV method of depreciation; the book value of assets after 4 years is 24% of original cost. Find rate of depreciation__________.

  Under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset__________.

A fixed asset was bought for 75,000. Its accumulated depreciation is 71,000 and rate depreciation is 10%. What are the depreciation expenses for the current accounting period using reducing balance method?

Casting errors are the result of _________.

Goods of Rs. 5000 purchased from Mr.B were recorded in sales book, the rectification of this error will________.

When the balance as per Cash Book is the starting point to ascertain balance as per bank statement, direct deposits by customers are _________

If any amount is directly deposited into the bank then__________.

 Bank reconciliation statement is_________.

Payment of rent expenses is recorded on which side of cash book ?

Goods given as charity should be credited to___________.

Cash book is a type _________but treated as a_______of accounts.

___________is the statement prepared by the seller of goods.

List price of the goods purchased is Rs. 60,000 cash paid is Rs. 45,000 (After receiving a cash discount of Rs. 9,000) the trade discount will be?

The account which has a credit balance and is shown in the debit column of the trial balance is

The preparation of trial balance is for___________

Financial position of a business concern is ascertained on the basis of_______.

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

Cost incurred should be matched with the revenues of the particular Period is based on _________

Wages paid to workers for the installation of a new machinery should be debited to ___________account.

Transferring entries from journal to ledger is called ______

Transaction which involves immediate cash payment is _______

_______ is an amount which is withdrawn for personal use by proprietor.

___________ packages can be modified according to the need of the enterprise.

_____________ defines the working of a hardware component.

The physical components of a computer constitute its _____________

Computerised accounting system facilitates the management and other users to maintain accounts and prepare _____________

Impact of computer is seriously felt in accounting more than any other department of the ___________

____________ liabilities are not shown in the Balance sheet.

______________ is a statement which gives the position of assets and Iiabilities on a particular date.

The Gross profit or Gross loss is transferred to ___________ account.

____________ is a tax levied by the local authority when the purchased goods enter the municipal limits.

The most important element in computertsed Accounting system ____________

__________ is an identification mark.

_____________ refers to directly related cost.

___________ refers to buying and selling of goods with the intention of making profit.

Deferred revenue expenditure is to be written off ___________

Premium on the issue of shares is ___________

Interest on Investments received from UTI is ____________

Money spent Rs.10,000 as travelling expenses of the directors on trips abroad for purchase of Capital Asset is __________

Excess of revenue expenditure over revenue receipt is ____________

The loss which is not incurred in the normal course of business is ___________

____________ is recurring in nature.

___________ items are to be shown in the Balance sheet.

Interest on drawings is credited to ______ Account.

The Profit and loss account shows ______

Depreciation is deducted from concerned ______ in the Balance sheet.

Provision for discount on debtor is made on the basis of past experience at an estimated rate on _____

The decrease in value of fixed assets due to usage or passage of time is called ______

The unsold goods in stock at the end of the accounting period Is termed as ______

The Accounting standards is applicable for depreciation is ____________

If the sale price of an asset is less than, the book value of the asset, it denotes _______________

Cash received from Mani whose account was previously written off as a Bad debt should be credited _______________

When the accountant has failed to record a transaction partially, it is known as ________________

Under the diminishing balance method of depreciation ____________

Land and Building 6,00,000. Depreciation is provided at 10%. The value of land and Building will be____________

____________ method is appropriate for the fixed assets having certain period of working life.

The written down value is the true value of ________ assets

The accounts relating to expenses, losses, revenues and gains are called ______________

The term balance brought down is used in the name of ____________.

According to ________ concept, every transaction or event has two aspects i.e., dual effect.

_________ is the language of business.

The first step of accounting cycle.

The famous book "Arthasastra" was written by ___________

A time gap between the depositing of the ________________ and the collection by the bank.

Debit balance in the Cash book means________________

___________is not possible to have unfavourable cash balance in the cash book.

_____________ is prepared on a specific data.

Personal account deals with ____

Transactions relating with individuals or firms or companies are known as _______

A debit note is called as _______

________ is prepared in three copies.

Postage stamps purchased for 50 by the business. This transaction will be recorded in ___________

In triple column cash book, cash withdrawn from bank for office use will appear in ____________

___________ discount is allowed to the parties making prompt or immediate payment.

Returns inward book is also known as _____

The endorsee is entitled to collect the _____

_____ is maintained to record only credit sale of goods in which the business is dealing.

______ is one of the most important books, in which credit purchases of goods are recorded.

In a ledger account, when the debit total and credit total are equal it is called ________________

The column of ledger which links the entry with Journal is _________________

ASB stands for________________

The activities of a business, which involve transfer of money or money's worth are called _______________

________________use the accounting data in their bargaining strategies with the management.

_____________ is the process of managing the income and expenses of a business firm.

_______________ cannot remember all the transactions for quite a long time.

______________ wrote his 'Summa de arithmetica'.

____________also require accounting records to submit in courts to prove their claims.

_____________must be properly maintained to increase their productivity.