A. software B. hardware C. monitor D. keyboard Correct Answer: Option A A. software Explanation Software is a set of…
A. reserve B. goodwill C. freehold D. valuation price Correct Answer: Option B B. goodwill Explanation Goodwill is recorded when…
A. cash received B. cash payment C. contra settlement D. cheque payment Correct Answer: Option D D. cheque payment Explanation…
A. act B. deeds C. accord D. deal Correct Answer: Option B B. deeds Explanation A partnership deed, also known…
A. materiality concept B. matching concept C. constituency concept D. realization concept Correct Answer: Option D D. realization concept Explanation…
A. return inwards account B. machinery account C. sales account D. cash account Correct Answer: Option C C. sales account…
A. 2 B. 3 C. 5 D. 10 Correct Answer: Option A A. 2 Explanation A minimum of two Persons…
A. three-column cash book B. two-column cash book C. analytical cash book D. petty cash book Correct Answer: Option A…
A. military regime B. parliament regime C. presidency D. councilors Correct Answer: Option B B. parliament regime Explanation public accounts…
A. trading account B. balance sheets C. profit and loss account D. profit and loss appropriation account Correct Answer: Option…