Question

0.3 Select the most appropriate alternatives from those given below and rewrite the
statements.
1)
2)
3)
International Accounting day is observed on ...
a) 10th November
b) 12th November
c) 10th December
d) 15th December
Conventional system of accounting is .......
a) English entry system
b) Double entry system
c) Indian system
d) None of these
Every debit has corresponding ......
a) Debit
b) Credit
c) Right hand side
Radha's Account is a type of . . . . . . . . . . . . . account.
a) Nominal b) Personal c) Real
Machinery Account is . . . . . . . . . . ... account.
a) Nominal b) Income c) Personal
d) None of these
d) Expenses
d) Real
d) None of thes
7)
UOBUWIII IS .............. asset.
a) Tangible b) Current c) an intangible
Prepaid expenses is .............. account.
a) Real
b) Personal c) Nominal
d) Income​

Answer 1

Answer:

Explanation:

1. a)

2. b)

3. b)

4. b)

5. d)

6. a)

7.c)

Answer 2

Answer:

1). (a) 10th November

2). (c) India system

3). (b) credit

4). (b) personal

5). (d) Real

6). (c) an intangible

7). (b) personal

8). (b) Giver

9). (c) Goes out

10). (b) Expenses and losses