Tests of Accounts

The account that records expenses, gains and losses is

Trade mark, Copyright  and patent are  ___________ assets;-

Discount allowed is___________?

A quantitative expression of management  objective is  an:-

Preliminary expenses are an example of

If the closing capital is more than the opening capital it's shown  an increase in capital which means as:-

Single entry constitutes incomplete records rather than single entry:-

A brief explanation recorded below every entry in general journal is commonly known as__________?

Accounting standards are beneficial  to the __________________ :-

The better administration   of budget in  budgeting  require:-

Which account will be credited  if a company  purchases  building for cash :-

In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under:

As per AS-19 ___________________ nlease risk  and reward  is not transferred  to the lessee:-

_________________ policy cover loss of gross profit  sustained as a consequence  of business  interruption;-

Capital increase if __________ increase;-

Cash received for services  rendered will  __________ cash and equity:-

Examples of non  trading concerns are :-

Provision for depreciation account appears  on the :-

Cash received from debtor is recorded in which of the following SPECIALIZED journals?

In Kaizen budgeting , the costs are based on all the  improvement  which is :-

Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

An owner investment  of each into the business would ____________ assets:-

For which  step of accounting  process the accountants  of business  entity prepare  financial  statement:-

Revenue and expense  accounts  are referred as:-

Any written evidence in support of a business transaction is called