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1.The amount of salary paid to Suresh should be debited to

2.The cash discount allowed to a debtor should be credited to

3.Accounting does not record non-financial transactions because of:

4.The concept of separate entity is applicable to which of following types of businesses?

5.Accounting is the process of matching

6.The primary objective of cost accounting is

7.Of the following account types, which would be increased by a debit?

8.Which of the following statements about differences between financial and managerial accounting is incorrect?

9.Custom and traditions which guide the accountant while preparing the accounting statements

10.Balance Sheet is a statement of

11.The convention of disclosure implies that all material information should be

12.Outstanding salary is shown as:

13.Proprietor (owner) is treated as creditor of business due to:

14.Which of the following is correct

15.Interest , rent, electricity bill are types of account

17.P& l a/c is prepared for a period of one year by following:

18.Prepaid expense is treated as

19.Which of the following is a liability?

20.Advantages of cost accounting accrue: