Please select a subject first
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Give a word, term or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
Concept: undefined >> undefined
Answer in one sentence only.
What is an Account?
Concept: undefined >> undefined
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Answer in one sentence only:
What is Personal Account?
Concept: undefined >> undefined
Answer in one sentence only:
State the meaning of Real Account.
Concept: undefined >> undefined
Write one word/term or phrase which can substitute the following statement.
Name of the account which is debited when proprietor uses business money for personal use.
Concept: undefined >> undefined
Write one word/term or phrase which can substitute the following statement.
Accounts of Assets and Properties.
Concept: undefined >> undefined
Write one word/term or phrase which can substitute the following statement.
Accounts of Expenses and Losses and Incomes and Gains.
Concept: undefined >> undefined
Write one word/term or phrase which can substitute the following statement.
The Assets which cannot be seen, touched or felt.
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Every debit has corresponding ____________
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Radha's Account is a type of ______ account.
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Machinery Account is ______ account.
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Goodwill is ______ asset.
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Prepaid expenses is ______ account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Capital account is a real account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Discount received is a nominal account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Drawings account is a nominal account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Outstanding salary is a nominal account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Loan account is personal account.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Goodwill account is a real account.
Concept: undefined >> undefined
