financial accounting

dividend paid is

• charge to profit

• allocation of profit

• both a and b

• none of the above

marshalling of balance sheet means

• the order of assets and liabilities

• totalling and arranging of assets and liabilities

• finding balance in balance sheet

the balance sheet discloses the financial position of a business

• for a given period

• at a specific point of time

• on a certain fixed date

• all of the above

the unfavourable balance of profit and loss account should be

• subtracted from liabilities

• subtracted from capital

• subtracted from current assets

• added in liabilities

recording of transactions and events as and when they occur and classifying them into suitable account heading is the subject matter of

• financial accounting

• cost accounting

• management accounting

• book keeping

book keeping is mainly concerned with the recording of financial data relating to the-------- in significant and orderly manner

• business

• personal

• company

• monetary

unearned income a/c is

• asset

• liability

• expense

• accrued income

which of the following is current asset

• land and building

• machinery

• cash

• furniture

when a liability is decreased or reduced it is registered on the

• debit or left side of the a/c

• credit or right side of the a/c

• debit or right side of the a/c

• credit or left side of the a/c

where did trial balance originate

• italy

• india

• russia

• america