101_MAnagerial Accounting

The object of non – trading concerns-
Social Concern
Profit Earning Concern
Both of these
None of these
If a person fails to pay his debt, such amount is considered as-
Bad-debts
Provision for Bad-debts
Bad-debts Recovered
None of these
Charity of goods is-
Loss
Expense
Profit
None of these
Outstanding Expenses are related to-
Current Year
Next Year
Last Year
none of these
Prepaid expenses are shown in-
Balance-sheet Asset Side
Balance Sheet Liability Side
profit & Loss A/c
Trading A/c
Such persons who earn remuneration against their services are called –
Seller
Purchaser
Professioner
None of these
Which of the following is not an item of income of Non – trading concern –
Salary
Entrance -fees
Government Aid
Interest
Accrued income is ……………. Account.
Personal
Nominal
Real
Interest on capital is always shown in …………….. side of profit & loss A/c.
Debit
Credit
Add into Salary
Add into capital
The debit side of income & expenditure A/c is called ………………. side.
Expenditure
Sales
Loss
Income
Depreciation is charged only in case of profits.
True
False
Only …………… item are shown in income & expenditure A/c.
Revenue
Capital
Non operating
Direct
Out standing Salary is------Account.
Nominal
Personal
Real
Non of these
Income Tax of sole trader is considered as ---
Personal Expense
Business Expense
Debtors Expense
None of these
Balance -sheet Shows
Gross Profit for the financial Period
Net Profit For the financial Period
Financial Status of particular year
All real , Nominal and Personal A/c;s
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