MEDIUM
BSF GD Constable
IMPORTANT
Earn 100

The Father of modern accounting is _____.
(a)F R M De Paula
(b)Henry Fayol
(c)Luca Pacioli
(d)None of these

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Important Questions on Previous Question Papers
EASY
BSF GD Constable
IMPORTANT
The best system for maintaining a petty cash book is _____.

MEDIUM
BSF GD Constable
IMPORTANT
Machinery purchased for Rs 10000 is debited in the machinery a/c as Rs 1000. It is an error of _____.

EASY
BSF GD Constable
IMPORTANT
An entry passed to bring the assets and liabilities from the previous year to the current year is _____.

MEDIUM
BSF GD Constable
IMPORTANT
Salary outstanding comes under which of the following type of account?

MEDIUM
BSF GD Constable
IMPORTANT
Amount spent on installing a newly purchased machinery is a _____ expenditure.

EASY
BSF GD Constable
IMPORTANT
The term depreciation is related to _____ assets.

EASY
BSF GD Constable
IMPORTANT
The nominal accounts are closed by transferring to the _____.

HARD
BSF GD Constable
IMPORTANT
A firm purchased machinery worth Rs 10000. The estimated life period is 10 years and the scrap value at the end of the life period is Rs 2000. Then depreciation to be charged on each year is _____.
