Nominal accounts relate to

An entry on the left side of a nominal account represents:

The process of transfer of an entry from the journal to the ledger is called:

If cash is deposited in the bank, in a three column cash book, it will be recorded on:

Posting of the correct amount has been made but on the wrong side. This is an error of _____.

1. An expenditure which helps in generating revenue for more than one year is called ______ expenditure.
2. An expenditure which generates the revenue in the same year is called _____ expenditure.

If closing balance appears on the debit side of an account, it is said to have a _________ :

The closing stock given in the trial balance is transferred to which of the following accounts:

Depreciation is the result of

1. Bills payable account is ____ account.
2. Bills receivable account is ____ account.
   

Which of the following accounts will definitely shoe debit balance?

Which of the following can be treated as indirect expenses?

Which of the following is not part of fixed assets in case of a balance sheet of a company?

In the sum of digits method for 5 years which of the following is the 1^st year’s allocation ratio?

• Income for the year = I
• Outstanding Income for the previous year = Id
• Outstanding Income of current year = Idi

Then Receipts for the year is:

• Opening balance of asset = Oi
• Closing balance of asset = Oc
• Depn. = D

Then addition to the asset during the year is:

What is the Rate of Interest if Rs.2000/-, when invested in Simple Interest, becomes Rs.4000/- in 8 years?

Expenditure incurred on ‘Research & Development’ is an example of ____

Which of the following maxim is applied in the case of Indirect Quotation?