Question

1. Which of the Following is not a liquid assets ?
(A) debtors
(B) Bills receivable
(C) cash
(D) stock
2. Which of the following is a pillar of accounting.?
(A) Ledger (B) Trial balance (C) Final account (D) Voucher
3. If goods purchased out side of own state then which tax will be
applicable.
(A) In put CGST (B) Input SGST (C) Input IGST (D) Out put CGST
4. When goods received as free samles are sold then which account will
be credited.
(A) Sales return Account (B) Cash Account
(C) Sale Account
(D) Bank Account.
5. If Goods Purchased on credit then what will the effect ?
(A) Assets Increase
(B) Liability Decrease
(C) Assets Decrease
(D) No effect​

Answer 1

Answer:

liquid assets are cash because if we mix our Indian note with water it dissolved easily and it is like too afsa drink. but we can't drink it

Answer 2

Explanation:

1. Which of the Following is not a liquid assets ?

(A) debtors

(B) Bills receivable

(C) cash

(D) stock

2. Which of the following is a pillar of accounting.?

(A) Ledger (B) Trial balance (C) Final account (D) Voucher

3. If goods purchased out side of own state then which tax will be

applicable.

(A) In put CGST (B) Input SGST (C) Input IGST (D) Out put CGST

4. When goods received as free samles are sold then which account will

be credited.

(A) Sales return Account (B) Cash Account

(C) Sale Account

(D) Bank Account.

5. If Goods Purchased on credit then what will the effect ?

(A) Assets Increase

(B) Liability Decrease

(C) Assets Decrease

(D) No effect

Ans

1-A

2-C

3-B

4-D