Accounting which is used to determine the cost of products ( or) services is ______ accounting.

(a)

Cost

(b)

Financial

(c)

Management

GAAPs are:

(a)

Generally Accepted Accounting Policies

(b)

Generally Accepted Accounting Principles

(c)

Generally Accepted Accounting Provisions

(d)

None of these

Goods given as charity should be credited to___________.

(a)

Purchases account

(b)

Journal proper

(c)

Cash book

(d)

Charity Account

Under the diminishing balance method of depreciation ____________

(a)

Both rate of depreciation and amount of depreciation are reduced every year

(b)

Only the amount of depreciation is reduced every year

(c)

Only the rate of depreciation is reduced every year

(d)

None of the above

Balance sheet is ______.

(a)

An account

(b)

A statement

(c)

Neither a statement nor an account

(d)

None of the above

The unsold goods in stock at the end of the accounting period Is termed as ______

(a)

Opening stock

(b)

Average stock

(c)

Closing stock

(d)

None of these

 Wages outstanding is_________.

(a)

an asset 

(b)

a liability

(c)

an income

(d)

an expense 

_____ is a loss to the business arising out of failure of a debtor to pay the dues

(a)

Bad debts

(b)

Loan

(c)

Sundry Debtors

(d)

Provision for Bad and Doubtful debts

_____________ is free from tiredness and lack of concentration.

(a)

Printer

(b)

Computer

(c)

Scanner

(d)

Projector

________________ packages are used by small and conventional business enterprises.

(a)

Readymade

(b)

customised

(c)

Tailor-made

(d)

None of these