________________of a firm has to make innumerable routine and strategic decisions while discharging its functions.

(a)

Book-keeping

(b)

Accounts

(c)

Management

(d)

All the above

Unsold goods lying is a business on a particular date are known as _________.

(a)

Stock

(b)

creditor

(c)

debtor

(d)

cash

__________ refers to choosing a desirable course of action from alternative course of actions.

(a)

Control

(b)

Forecasting 

(c)

Decision Making 

(d)

None of the above

Matching concept means __________.

(a)

Transactions recorded at accrul concept 

(b)

Anticipate no profit but recognize all losses 

(c)

Asset=capital-liabilities 

(d)

Expenses=Revenue

The column of ledger which links the entry with Journal is _________________

(a)

L.F. Column

(b)

J.F. Column

(c)

Particulars Column

(d)

Amount Column

On 1^st January 2017, if kennedy draws a bill on Sundar for three months, its due date is _____

(a)

4^th April, 2017

(b)

1^st April, 2017

(c)

31^st March, 2017

(d)

None of the above

The net loss which arises in a business is an example of __________

(a)

Revenue loss

(b)

Capital loss

(c)

Neither of the two

(d)

None of these

Expenses which have been incurred in the accounting period but not paid till the end of the accounting period are called______.

(a)

Outstanding expenses

(b)

Prepaid expenses

(c)

Accrued income

(d)

Income received in advance

Debts which cannot be recovered or irrecoverable are called _________.

(a)

Bad debts 

(b)

Depreciation

(c)

Closing stock

(d)

Capital

A computer system mainly has _________ components.

(a)

two

(b)

three

(c)

four

(d)

five