Q31. Which one of the following is a feature of
revenue expenditure?
1) It is not recurring
2) It is shown in the Balance Sheet
3) It is shown in the P&L account
4) Amount spent is usually large
Q32. Which one of the following errors will not
affect the trial balance?
1) Wrong balancing of an account
2) Writing an amount in the wrong account but on
the correct side
3) Wrong totaling of an account
4) None of these
Q33. Subscription outstanding for last year was
Rs. 1,000 and received during current year is Rs. 14,000. Subscription will be
shown as Rs. ----- at credit side of the
Income and Expenditure Account
1) 15000
2) 12000
3) 14000
4) 13000
Q34. The passbook of an account holder is the
copy of _________
1) The bank columns in the cash book of the
account holder
2) The relevant account in the books of a bank
3) The cash column in the cash book of a customer
4) None of the above
Q35. If the assets of a firm are Rs 8,00,00,000,
the liabilities are Rs 3,25,00,000, profits are Rs 1,50,00,000, then the
capital of the firm is -----
1) Rs 325,00,000
2) Rs 625,00,000
3) Rs 975,00,000
4) Rs 1275,00,00
Answers:
