Financial statement of company - class-XI
| Description: financial statement of company | |
| Number of Questions: 41 | |
| Created by: | |
| Tags: book keeping and accountancy accountancy financial statement analysis original entry: journal and subsidiary books double entry book keeping system accounting and its terminology dual effect of transactions and types of accounts analysis of financial statements elements of accounts |
A has $Rs. 3,500$ due from B. On January $20$, B makes a partial payment of $Rs. 2,100$ to A. The journal entry made on January $20$ by A to record this transaction include_________.
Withdrawals by proprietor would.
Financial analysis is used only by the creditors.
Cash purchases _________.
Recording of all business transactions is based on ________.
Accounting equation is a _______.
Which one of the following statements is correct?
Payment received from debtor _____________.
Purchase of office equipment for cash would cause __________.
Bills Receivable A/c is _________.
A scale of typewriter that as been used in the office should be credited to ______________.
____________ reduces both total assets as well as owner's equity.
$A$ purchased a car for Rs. $10,00,000$, making a down payment of Rs. $1,00,000$ and signing a Rs. $9,00,000$ bill payable due in 60 days. As a result of this transaction.
Loss of stock by fire would lead to ____________.
On sale of old furniture, owner's equity would ______________.
_____________ increases both total assets as well as owner's equity.
Accounts which relates to assets tangible or intangible are called ________ .
Purchase of RBI bonds for cash would lead to ____________.
Withdrawals by the proprietor would_______.
Payment of a liability results in _________________.
Purchase of furniture for cash would ______________________.
If an individual asset is increased, there will be a corresponding ____________________.
Purchase of office equipment on credit results in ________________.
Purchase of machinery for cash ________________.
Which of the following is true when a debtor pays his dues?
Mr. Bhandari purchased a car for Rs. 50,000, making a down payment of Rs. 10,000 and signing a Rs. 40,000 bill payable due in 60 days. As a result of this transaction ___________________.
Loss on sale of plant and machinery should be written off against _________.
Income earned and collected results in _________________.
Capital brought in by the proprietor will result in _______________.
In case of unexpired entry following entry should be made _________________.
Stimulus: Support staff is undisciplined.
Response: It is a sign of the times.
How will you classify the above transaction as per concept of transactional analysis ______________.
Stimulus: I have finish the report tonight as it is due tomorrow.
Response: You always leave things to the last minutes
How will you classify the above transaction as per concept of transactional analysis ___________.
Stimulus: I wish you were better educated.
Response: I am not so lucky
How will you classify the above transaction as per concept of transactional analysis ____________.
Which of the following actions reflects 'adult ego' as per the concept of Transactional Analysis?
A cash purchase of supplies would ________________.
Outstanding business rent of Rs.$15,000$ was paid by the proprietor from his purse. The effect on the balance sheet is that ________________.
Stimulus: You have presented a good report.
Response: Thank you.
How will you classify the above transaction as per concept of transactional analysis ________________.
Loss on sale of machinery will be ________.
Which of the following is true when a debtor pays his dues?
Income earned which is yet to be a collected result in ________________.
Stimulus: Your are always late
Response: Sorry Sir!
How will you classify the above transaction as per concept of transactional analysis _______________.