Question 3 :
In accordance with IAS 1 Presentation of Financial Statements, which one of the following items must not be separately presented in the statement of financial position? 

Question 5 :
The accounting system that affects at least two accounts is called __________ .

Question 6 :
Adjustment of accrued/outstanding income/expenses is not necessary in ______ system of accounting.

Question 7 :
<b></b>The basis for the accounting equation is the principle of _________.

Question 9 :
The basic rule of book-keeping, debit the receiver and credit the giver is applicable to ________________.

Question 10 :
The rule 'debit all expenses &amp; losses and credit all incomes &amp; gains' relates to ____________.

Question 12 :
Journal is the book of _______ in which every transaction is recorded before being posted into the ledger.

Question 13 :
Sales made by Mahesh for cash should be debited to _____________.

Question 15 :
Match List-I with List-II and select the correct answer using the codes given the lists:<table class="wysiwyg-table"><tbody><tr><td>List-I(Types of accounts)</td><td>List-II(Principles)</td></tr><tr><td>I. Real Accounts</td><td>(a) Debit the receiver credit the giver</td></tr><tr><td>II. Nominal Accounts</td><td>(b) Debit what comes in credit what goes out</td></tr><tr><td>III. Personal Accounts</td><td>(c) Debit all expenses,losses credit all incomes,gains</td></tr></tbody></table>

Question 16 :
X who was closing his book 31st march failed to take the actual stock which he did on 9th April, when it was ascertained by him&#160; to be worth Rs.50,000<br/>It was found that sales are entered in the Sales Day Book on the same day of dispatch and the returns inward in the return book as and when goods are received back . Purchases are entered in the Purchase Day Book once the invoices are received .Observations-<br/>(i) Sales between 31st March and 9th April as Sales Book are Rs.1,720.Rate of gross profit is 1/3rd on cost.<br/>(ii) Purchases during the same period as per Purchases Book are Rs.120.<br/>(iii) Out of above purchases , goods amounting to Rs.50 were not received until after the stock was taken.<br/>(iv) Goods invoiced during the month of March , but goods received only on 4th April , amounted to Rs.100.<br/>The Value of physical stock on 31st March is ________________.

Question 17 :
Goods withdrawn by the proprietor from business is debited to the Drawings A/c.

Question 18 :
Bharat Indian oil is a bulk distributor of petrol . A periodic inventory of petrol on hand is taken when the book are closed at the end of each month. The following summary of information is available for the month:<br/>Sales between 2nd and 29th June Rs.9,45,000<br/>General administration cost&#160; &#160;Rs.25,000<br/>Opening Stock :1,00,000 litres @ Rs.3 per litre Rs.3,00,000<br/>Purchases (including freight inward):<br/>June 1&#160; &#160;2,00,000 litres @ Rs 2.85 per litre<br/>June 30 1,00,000 litres @ 3.03 per litre<br/>June 30 Closing stock 1,30,000 litres.<br/>The amount of cost of goods sold for June using LIFO Method is _________________.

Question 21 :
The ending balance of the accounts receivable account was $Rs. 1,20,000$. Services billed to customers for the period were $Rs. 2,15,000$ and collection on account from customers was $Rs. 2,36,000$. Thee beginning balance of account receivable was__________.&#160;

Question 23 :
Read the following which is taken from an income statement.<table class="wysiwyg-table"><tbody><tr><td></td><td>Rs.</td></tr><tr><td>Opening stock</td><td>$50,000$</td></tr><tr><td>Sales</td><td>$1,60,000$</td></tr><tr><td>Freight incurred</td><td>$10,000$</td></tr><tr><td>Sales retunrs</td><td>$10,000$</td></tr><tr><td>Gross profit on sales</td><td>$60,000$</td></tr><tr><td>Net loss for the year</td><td>$10,000$</td></tr><tr><td>Purchases</td><td>$1,00,000$</td></tr><tr><td>Purchases returns</td><td>$9,000$</td></tr></tbody></table>The amount of operating expenses will be ___________________.

Question 24 :
Which of the following account(s) will be affected, while rectifying the error of an amount Rs.200 received from Mr. "P" wrongly credited to Mr. "Q's" account?

Question 26 :
In case of reducing balance method of charging depreciation is charged on the:

Question 28 :
According to the Income Tax Act, which method of charging depreciation is provided?

Question 29 :
On using reducing balance method on an asset of Rs. 20,000 at the rate of 10% per annum, depreciation of 3rd year will be:

Question 31 :
Goods were sold on credit basis to Mr. Ram for Rs $10,000$. It will be recorded in _______________.

Question 32 :
It is easy to transmit the shares in case of D'mat form.

Question 33 :
Which of the following is not treated as an internal evidence of audit for returns of goods?

Question 35 :
State whether the following statements are True or False.<br/>Capital Account rarely shows debit balance.&#160;<br/>

Question 36 :
A seller on receipt of returned goods sends note to the party who return the goods, the note is called _____.

Question 38 :
The payment side of cashbook is Undercast by Rs 200 when overdraft as per passbook is the starting point ___________.