Accounting Manager series- 6 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-6 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 6 TEST YOUR SKILLS BRODLY 1 / 10 51. Which one of the following is not an example of Intangible Assets? Patents Trade Marks Copyright Land 2 / 10 52. Creating provision against fluctuation in the price of investment is application of accounting concept Convention of conservatism Convention of full disclosure Convention of consistency None of these 3 / 10 53. Debit what come in Credit what goes out rule for Real a/c Personal a/c Nominal a/c None of these 4 / 10 54. The following comments each relate to the recording of journal entries. Which statement is true? Journalization is the process of converting transactions and events into debit/credit format. The chart of accounts reveals the amount to debit and credit to the affected accounts. It is customary to record credits on the left and debits on the right. For any given journal entry, debits must exceed credits. 5 / 10 55. Going concern concept assumes Business as a dissolving concern Business on relishing values Business as a going concern Asset = liability 6 / 10 56. Management Accounting relates to Recording of accounting data Recording of cost data Presentation of account data None of the above 7 / 10 57. Which items does not come under the balance sheet sales Share capital Reserves and surplus Unsecured loan 8 / 10 58. Which of the following is not related with Money Measurement Concept ? The transactions which cannot be expressed in money, will not be recorded in accounting books Business is treated as separate from the proprietor All business transaction should be expressed only in money None of These 9 / 10 59. Depreciation is a charge against Profit Assets Company Books of A/c 10 / 10 60. Fixed assets and current assets are categorized as per concept of: Separate entity Going concern Consistency Time period Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz