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Balbharati solutions, for, Book-keeping, and, Accountancy, 11th Standard, fyjc, Maharashtra State Board, Chapter 2, Meaning and Fundamentals of Double Entry Book-Keeping,

07 Nov 2020 4:25 pm

Select the most appropriate alternatives from the given below and rewrite the statement:

1.International Accounting day is observed on ______

  1. 10th November
  2. 12th November
  3. 10th December
  4. 15th December

2.Conventional system of accounting is ______

  1. English entry system
  2. Double entry system
  3. Indian system
  4. None of these

3.Every debit has corresponding ____________

  1. Debit
  2. Credit
  3. Right hand side
  4. None of these

4.Radha’s Account is a type of ______ account.

  • Nominal
  • Personal
  • Real
  • Expenses

5.Machinery Account is ______ account.

  • Nominal
  • Real
  • Personal

6.Goodwill is ______ asset.

  • Tangible
  • Current
  • an intangible
  • None of these

7.Prepaid expenses is ______ account.

  • Real
  • Personal
  • Nominal
  • Income

8.Debit the receiver, Credit the ____________

  • Goes out
  • Giver
  • Income and gains
  • Comes in

9.Debit what comes in, Credit what ______

  • Giver
  • Expenses and losses
  • Goes out
  • Income and gains

10Debit all ______ and Credit all income and gains.

  • Giver
  • Expenses and losses
  • Goes out
  • None of these

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