Finance Accounting

Material  are charged   to  production at actual  cost  under ;-

A person  is said  to be  insolvent  when his  :-

Any amount or goods withdrawn by the owner of a business for personal use is called:-

Transferring entries   from journal to  ledger  account  is  commonly  known as :-

A person from whom  credit  purchases  are made   is  called :-

If the real rate of return is 10% and inflation s money Discount Rate is:-

A sale  of Rs, 50,000  to  A  was  entered  as a sale  to B.  This  is  an example of  ;-

When different   accounts  are clubbed  on the basis of  some  common  characteristics  that  are shared  by them , the concept is known as ;-

Payment of  honorarium  to secretary   is  treated as ;-

Accounting is  the language of  ;-

External users of accounting information may involve:-

Double  entry  implies that  recording  two aspects  of  every  transaction:-

Appending notes to the  financial statements as per ___________ convention;-

Royalty account is:-

A receipts and payment account is nothing but a summary of all capital receipt and payments:-

Discount for  quick payment of debt is normally referred as:-

Royalty  accounting  is covered under   companies  Act 1956  :-

Which does not effect cash flows Proposal:-

Net profit ratio signifies:-

At the  time of  admission an incoming   partner   contributes as  goodwill;-

Small  items  like  ,  pencils  pens  are written  off  within  a year   according  to  _________ concept  ;-

The bonds with shorter maturity will have ____________ duration:-

__________ is a blending of two or more existing undertaking into one undertaking:-

Goodwill is  _____ for  company ;-

Cash a//c  is a  ________ a/c ;-