Advertisement

(C) Fill in the blanks with appropriate alternative given in the brackets.

1. The gross profit is transferred to __________ account.  (a) trading  (b)  profit and loss   (c)  capital  (d)  current
profit and loss


2. Wages paid for installation of machinery should be debited to __________ account.  (a)  machinery  (b)  wages   (c)  trading  (d)  profit and loss
Machinery


3. All indirect expenses are debited to ___________ account.  (a) trading  (b) capital   (c)  profit and loss  (d)  current
profit and loss


4. A statement showing finacial position of the business is called as __________.  (a) Balance sheet  (b)  trial balalnce   (c)  capital  (d)  trading a/c
balance sheet


5. To find out net profit or net loss of the business ___________ account is prepared.  (a) trading  (b)  capital   (c) current  (d)  profit and loss
profit and loss


6. A _____________ is an intangible asset. (a) goodwill  (b)  stock  (c)  building  (d)  cash
Goodwill


7. Trading account is prepared on the basis of ____________ expenses. (a) indirect  (b)  direct  (c)  revenue  (d)  other
Direct


8. The interest on drawings is transferred to __________ side of the profit and loss account. (a) debit  (b)  credit  (c)  asset  (d)  liability
Credit


9. Final accounts are prepared on the basis of __________ and adjustments. (a) trial balance  (b)  capital a/c  (c)  trading A/c  (d)  profit & loss A/c
trial balance


10. ____________ is the list of all ledger balances. (a) balance sheet  (b)  trial balance  (c)  trading A/c  (d)  profit & loss A/c
Trial balance


11. Return outward are deducted from _____________. (a) purchases  (b)  sales  (c)  capital  (d)  debtors
Purchases


12. The withdrawals of partner from the business for their personal use is called as _________. (a) capital  (b)  profit  (c)  drawings  (d)  cash
Drawings


13. Income received in advance is shown on the ___________. (a) debit  (b)  credit  (c)  asset  (d)  liability
Liability


14. Prepaid expenses are shown on the _________ side of the Balance sheet. (a) assets  (b) l iability  (c)  debit  (d)  credit
Assets


15. Profit & Loss Account is _____________ account (a)  Real  (b) nominal  (c) income  (d)  Personal
Nominal

16. _____________ is a financial statement (a)  Income  (b)  Trading a/c   (c)  balance sheet  (d)  Profit & loss a/c
Balance Sheet


17. A provision made for debts irrecoverable from the debtors is called _____________. (a)  bad debts  (b)  reserve for discount on debtors  (c)  reserve for doubtful debts  (d) additional new bad debts
reserve for doubtful debts


18. _____________ is notional loss of the business. (a)  uninsured goods  (b)  goods destroyed by fire  (c)  depreciation  (d) loss from sale of asset
depreciation


19. _____________ a/c prepared by producers to find cost of production. (a)  Manufacturing  (b)  Trading  (c)  Purchase  (d)  Profit & loss
Manufacturing a/c


20. Wages & salaries are debited to _____________ account (a)  Profit & loss  (b)  trading a/c  (c)  expense a/c  (d)  salary a/c
Trading a/c


21. _____________ a/c & _____________ a/c are recorded to balance sheet (a)  profit & loss  (b)  nominal, personal  (c)  real, nominal  (d)  real, personal
Real, Personal


22. _____________ are intangible assets and do not have realisable value. (a)  Good will  (b)  profit & loss (dr bal)  (c)  Trade-mark  (d)  Copy right.

Profit & loss (dr bal)

PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

SUBJECTS

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019

HSC Maharashtra Board Papers 2020

(Std 12th English Medium)

HSC ECONOMICS MARCH 2020

HSC OCM MARCH 2020

HSC ACCOUNTS MARCH 2020

HSC S.P. MARCH 2020

HSC ENGLISH MARCH 2020

HSC HINDI MARCH 2020

HSC MARATHI MARCH 2020

HSC MATHS MARCH 2020


SSC Maharashtra Board Papers 2020

(Std 10th English Medium)

English MARCH 2020

HindI MARCH 2020

Hindi (Composite) MARCH 2020

Marathi MARCH 2020

Mathematics (Paper 1) MARCH 2020

Mathematics (Paper 2) MARCH 2020

Sanskrit MARCH 2020

Sanskrit (Composite) MARCH 2020

Science (Paper 1) MARCH 2020

Science (Paper 2)

Geography Model Set 1 2020-2021


MUST REMEMBER THINGS on the day of Exam

Are you prepared? for English Grammar in Board Exam.

Paper Presentation In Board Exam

How to Score Good Marks in SSC Board Exams

Tips To Score More Than 90% Marks In 12th Board Exam

How to write English exams?

How to prepare for board exam when less time is left

How to memorise what you learn for board exam

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates


NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!

BUY FROM PLAY STORE

DOWNLOAD OUR APP

HOW TO PURCHASE OUR NOTES?

S.P. Important Questions For Board Exam 2022

O.C.M. Important Questions for Board Exam. 2022

Economics Important Questions for Board Exam 2022

Chemistry Important Question Bank for board exam 2022

Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination

Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2022 Examination

Important-formula



THANKS