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Authored by Srilakshmi Ramu

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University

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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

How many category of accounts are there?

2

3

4

1

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Rent, Salaries and Wages paid are

Real accounts

Personal accounts

Nominal accounts

None of these

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Nominal accounts are related to

Asset

Liability

Creditor

Expense + income

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Cash is a kind of? ____ account

Real

Personal

Nominal

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The accounts, which have their existence even after the close of the year, are known as_____ accounts

Real

Personal

Nominal

Tangible

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The rule of debit all expenses and losses and credit all gains and income is applicable to _____accounts

Real

Personal

Nominal

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Real accounts are related to

Assets

Liabilities

Customers, creditors

Expenses ,losses and income

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