Assignment Question due tomorrow, kindly help:

Meghan Limited took over resources of 35,46,162.3821 and liabilities of 4,85,018.3782 of Kristina Enterprises at a concurred worth of 33,65,749.3627. Give the critical diary section to record the obtainment of business in the books of Meghan Limited.

1. The expenses and pay rates identifying with full trading period are taken to the Profit and Loss Account of a business, free of their portion or receipt. This is in affirmation of

(a) Time period Concept

(b) Going Concern Concept

(c) Accrual Concept

(d) Duality Concept

2. Which of the going with events is/are not recorded in the books of a business?

(a) Significant monetary events after the Balance Sheet date

(b) Death of a Chief Executive of the Business

(c) Government assessments concerning the esteeming approaches of the Business

(d) Both (b) and (c) above

3. Withdrawal of items from stock by the owner of the business for singular use should be recorded by

(a) Debiting Stock Account and crediting Capital Account

(b) Debiting Capital Account and crediting Drawings Account

(c) Debiting Drawings Account and Crediting Stock Account

(d) Debiting Stock Account and Crediting Drawings Account

4. Which of the going with trades would cause a change of "owners' worth"?

(a) Repayment of a Bank Loan

(b) Payment of Dividends and Unprofitable Operations

(c) Sale of Land on Credit

(d) Purchase of Assets and incurrence of Liabilities

5. Which of coming up next is substantial?

(a) The portion of a Liability causes an extension in Owner's Equity

(b) The combination of an Account Receivable will make Total Assets increase

(c) The accounting condition may be communicated as: Assets+Liabilities = Owners' worth

(d) The obtaining of an asset like office equipment, either for money or utilizing a credit, doesn't change the Owners' Equity

6. Which of the going with declarations is/are legitimate?

(i) Cash Book records all cash receipts and cash portions

(ii) Cash Book records all arrangement and purchase trades of items both in genuine cash and on loan

(iii) Cash Book records refund on Cash Payments

(a) Only (I) above

(b) Only (ii) above

(c) Only (iii) above

(d) Both (I) and (iii) above

7. Trade markdown allowed at the hour of Sale of product.

(a) Is recorded in Sales Book

(b) Is recorded in Cash Book

(c) Is recorded in Journal

(d) Is not recorded in Books of Accounts

8. Under which of the going with thoughts are financial backers treated as advance managers for the whole they paid on the offers they purchased in to?

(a) Cost Concept

(b) Duality Concept

(c) Business Entity Concept

(d) Since the financial backers own the business, they are not treated as advance supervisors

9. If the Going Concern thought isn't, now considerable, which of coming up next is substantial?

(a) All prepaid assets would be completely limited immediately

(b) Total contributed Capital and Retained Earnings would remain unaltered

(c) Intangible Assets would continue being passed on at net Amortized valid cost

(d) Land held as an Investment would be regarded at its achievable worth

10. The secret accounting principle(s) requiring amortization of tricky asset(s) is/are

(a) Cost Concept

(b) Realization Concept

(c) Matching Concept

(d) Both (a) and (c) above