11th Class Accounting MCQS Analysis of Business Transactions and Double Entry System Online Test 1

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-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-shows-the-amount-paid-to-the-employees-of-the-business-during-the-year-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-esalaries-account-balance-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-shows-us-the-investment-made-by-the-proprietor-into-the-business-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecapital-a-2-fc-balance-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-loss-on-sale-of-fixed-assets-is-called-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecapital-loss-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-accounts-of-liabilities-normally-have-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecredit-balance-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-amount-becomes-due-from-the-customers-is-called-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-edebts-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-cost-of-goods-sold-consist-of-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eall-of-these-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-different-stages-of-accounting-cycle-are-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-all-of-above-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-document-issued-for-credit-sales-is-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-einvoice-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,purchased-goods-on-credit-increases-the-3-a_-_creditors,rent-paid-to-landlord-for-a-portion-of-building-will-be-debited-to-3-a_-_rent-account,the-best-system-of-accounting-in-the-modern-world-is-3-a_-_double-entry-system,the-owner-of-the-business-is-called-3-a_-_proprietor,written-below-each-entry-is-the-3-a_-_narration