Question

Q1. Write the correct answer in your (10 1 Mark each 10 Marks) l. Choose the odd one (a) Interest Paid (b) Interest Received (c) Salary Paid (d) Depreciation 2. Choose the odd onc a) Interest received Repairs of Machines Expenses Fuel &Power Expenses Rent of Factory Expense b) c) Rent Expense Outstanding is elassified as (b) Liability (a) Equity (b) None of the above 4. Loan to Subsidiary company is classified as (a) Revenue (b) Expense (c) Current Asset (d) Non-Current Asset 5. Advance from Customers are classified as (b) Expense (c) Fixed Liability (d) Current Liability 6. This concept suggests that Business and Business Entity are two different Entities and hence the Accounts of two cannot be merged (a) Going Concern Concept (c) Business Entity Concept (d) None of the above 7. These parties are specially interested in Debt Equity Ratio, since it provides them an understanding of safety of their funds with the Company (b) Shareholders and Lenders (c) Tax Authorities (d) None of the above

Answer 1

(1)

Option B.

(2)

Option A

(3)

Option B

(4)

Option d

(5)

Option d

(6)

Option c

(7)

Option b

(8)

Option b

(9)

Option a

(10)

Option b