01. Which of the following event/transaction shall not be recorded in the accounting books of a company:
02. A machinery is purchased for Rs.4 lac. Its rate of annual depreciation is 20% under written down value method. Its depreciated value at te end of 2nd year would be:
03. When the accounting standards are not followed by a business (a) the auditors qualify their audit reports (b) if auditors d do not qualify their audit reports they are guilty of professional misconduct (c) the management is held responsible.
04. Which of the following is not matched in terms classification various assets:
05. The accounting equation-“Assets=capital+ liability” is due to application of which of the following accounting concept:
06. A no. of notes are appended to the balance sheet by companies which include information such as contingent liabilities, market value of investments etc. This is due to compliance of which of the following accounting concepts:
07. The principal of conservatism in accounting concepts stands for:
08. A firm records the income and expenditure when it is actually received and incurred. The firm is following which of the following accounting system:
09. Complete the following accounting equation (assets Rs.110000-liabilities Rs.______ = capital Rs.80000:
10. Which of the following are not properly matched in terms of classification of accounts:
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