Question 1 :
If the rent of one month is still to be paid, the adjustment entry will be_________________________.

Question 6 :
Which of the following accounts will invariably have a credit balance?

Question 7 :
If the net assets are in excess of the purchase price, the difference is __________________.

Question 10 :
Such expenses which are included (even though they are not incurred) for taking managerial decisions are called ___________.

Question 11 :
Cost of stock as per books is Rs.2,38,000 <br/>Goods purchases for Rs.10,000 received but omitted to be recorded<br/>Goods costing Rs.20,000 were sold &amp; delivered but omitted to be recorded <br/>Goods costing Rs.5,000 were returned by customers but omitted to be recorded. <br/>Goods costing Rs.3,000 were returned to suppliers but omitted to be recorded. <br/>The value of physical inventory is ___________.

Question 14 :
April 01 -&#160; Opening stock 50 units&#160; @Rs.44 per unit<br/>April 02 - Purchases 100 units&#160; @ Rs.47 per units<br/>April 07 - Issued 50 units&#160;<br/>The value of inventory at the end of the week Under Weighted Average Method is _____________.

Question 16 :
The balance of Capital Redemption Reserve Amount is available for ______________________.

Question 17 :
What time would be taken into consideration for calculation of interest on drawings if equal monthly amount is drawn as drawing at the beginning of each month ?

Question 18 :
Any commodity, article or merchandise in which trader regularly deals or carries on trade is called goods.<br/>

Question 21 :
When a proprietor withdraw cash from the firm for self use, this is treated as ______.

Question 24 :
Which one of the following should be considered as revenue expenditure?

Question 27 :
Opening capital Rs 10,000, Profit during the year Rs 5,000, Drawings Rs 2,000 , Additional Capital introduced Rs 1,000. Determine the amount of closing stock?

Question 29 :
Rs. 1500 withdrawn for personal use should be debited to _____________.