Accounting Manager series-10 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-10 quiz you are applying for a job / interview / Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself.. 0 Created on November 29, 2020 By wefru Manager Series 10 TEST YOUR SKILLS BRODLY 1 / 10 91. The basic concepts related to p& l a/c are: Realization Concept Matching Concept Cost Concept Both a and b above 2 / 10 92. All those to whom business owes money are: Debtors Investors Creditors Shareholders 3 / 10 93. All direct & indirect expenses related to business are charged: Profit and loss account Trading account Trading account Profit and Loss account Directly to Balance sheet 4 / 10 94. If loan have been guaranteed by managers and directors is called as Loan Unsecured Loan Secured Loan Advance by Manager & director 5 / 10 95. Opening stock + ______________ + Direct Expenses (Carriage on Raw material)-Closing Stock = ______________ Purchases Sales, Sales return Purchases, Cost of goods produced Purchases, Cost of goods sold 6 / 10 96. Carriage outward is charged to Debit side Profit & Loss a/c Debit side Trading a/c Credit side of Profit & Loss a/c Credit side of trading a/c 7 / 10 97. Credit balance of profit & loss a/c shown on Asset side of balance sheet Liability side of balance sheet Not shown in balance sheet none 8 / 10 98. Outstanding expenses are charged to Asset side of balance sheet Liability side of balance sheet Not charged to balance sheet None of these 9 / 10 99. Which of the following is a liability? Loan from Mr.Y loan to Mr.y Both (a) (b) None of these 10 / 10 100. The revenue recognition principal dictates that all types of incomes should be recorded or recognized when Cash is received At the end of accounting period When they are earned When interest is paid Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz