Accounting Manager series- 4 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-4 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 4 TEST YOUR SKILLS BRODLY 1 / 10 31. The convention of disclosure implies that all material information should be Disclosed in the account Disclosed in the accounts which is required to owner Not disclosed None of these 2 / 10 32. Outstanding salary is shown as: A liability By adjusting it in the P & L a/c Both a and c above Both b and c above 3 / 10 33. Proprietor (owner) is treated as creditor of business due to: Periodicity concept Materiality Principle Entity Concept Consistency concept 4 / 10 34. Which of the following is correct Profit increases capital Profit does not alter capital Profit reduces capital Capital can only come from profit 5 / 10 35. Interest , rent, electricity bill are types of account Personal a/c Impersonal a/c Real a/c Nominal a/c 6 / 10 36. Cost of asset should always be equal to the cost of the liabilities. This concept is Double Entry Bookkeeping Matching Concept Consistency Money measurement Concept 7 / 10 37. P& l a/c is prepared for a period of one year by following: Consistency concept Conservatism concept Accounting period concept Cost Concept 8 / 10 38. Prepaid expense is treated as Current asset Current liability Short term liability None of these 9 / 10 39. Which of the following is a liability? Loan from Mr.Y loan to Mr.y Both (a) (b) None of these 10 / 10 40. Advantages of cost accounting accrue: To management, workers, consumers and government Only to workers Only to consumers Only to government Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz