Accounting for Managers

491. Bank account is ______________

1. Nominal account
2. Real account
3. Personal account
4. none of these above

View answer

492. Cash book prepared on imprest system is ______________

1. two column cash book
2. cash book
3. petty cash book
4. purchase book

View answer

493. Heavy advertising to launch a new product is a ______________

1. capital expenditure
2. deferred revenue expenditur
3. other expenditure
4. revenue expendtur

View answer

494. When a bill is discharged, the acceptor debits ______________

1. Creditors account
2. Cash account
3. Bills payable account
4. Bills receivable account

View answer

495. Capital=

1. Asset - Liabilitie
2. Asse
3. Liabilitie
4. All the abov

View answer

496. Which one the following is an example of an intangible asset?

1. Preliminary expenses
2. Discount on issue of debentures
3. Investments
4. Copyrights

View answer

497. Which one of the following is an example of personal account?

1. Capital account
2. Building account
3. Cash account
4. Investment account

View answer

498. Any expenditure incurred in order to reduce the operating expenses is ______________.

1. capital expenditure
2. revenue expenditure
3. deferred revenue expenditure
4. promotional expenditure

View answer

499. The method of account current usually employed by the banker is known as ______________.

1. Daily balance method
2. Red ink interest
3. Current account
4. Product method

View answer

500. A credit sale of goods to Shiva should be debited to ______________.

1. Sales account
2. Goods account
3. Shiva account
4. Purchase account

View answer