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Commerce Study™ (MCQs)

Commerce Study™ (MCQs)

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Channel Posts
Errors not shown by Trial Balance are ___
Anonymous voting

2
Any written evidence in support of a business transaction is called ____
194
3
Ab to kr do vote 🥺
376
4
Depreciation is provided due to ___
464
5
A concept that a business enterprise will not be sold or liquidated in the near future is known as ___
567
6
The rule 'Debit the Receiver, Credit the Giver' is applicable to ___
584
7
A monetary benefit that arises from transaction of non-operating in nature is called __
619
8
Double entry principle means __
726
9
The portion of the expenses, the benefit of which will be received during the next financial year, is known as _____
903
10
If any asset is withdrawn by the proprietor for personal use, Journal Entry should be ___
906
11
The assets that can be easily converted into cash within a short period i.e. 1 year or less are known as _____
842
12
Net Worth of an organisation means excess of Assets over ____
839
13
Goods withdrawn for personal use will be treated as __
838
14
The debt which is to be repaid within a short period is known as __
871
15
Net Profit is calculated in which of the following account?
748
16
Long term assets without any physical existence but, possessing a value is called ____
870
17
Interest payable on the capital of the partners is recorded in __
776
18
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805
19
Copyright, Trademark & Patents are examples of ____
622
20
Voice message
563