Question

Note: 1) All Questions are compulsory: 2) Make drawing using by pencil.

Q.1) Fill in the Blanks with proper words:

1) The present system of book keeping was born in the year ______

a) 1494

b) 1484

c) 1474

2) Discount allowed for spot payment is known as ______
a) Trade Discount

b) cash Discount

c) considered Discount

3) Calculation area is used for calculator____

a) Function

b) panel

c) Information

4) The revenue expense are incurred for maintaining_____ in good condition of the company

a) Liabilities

b) Assets

c) Profit & lose

5) Accounting is useful and _____ in every walk of life.

a) Attention

b) Necessary

c) Expenses

Q.2) Solve the Following TRUE or FALSE With the Reason:

1) Personal accounts means the person receives the losses the from Business.

2) Wages Paid to the staff or Employees

3) Revenue expenditure the benefit of which available normally within a period of Twoyear.

4) Investment means amount invested by the businessmen inside his business is calledinvestment.

5) Single entry method incomplete or partial record of the business transactions are recorded. ​

Answer 1

1 a

2b

3c

4a

5b

q2

1f

2t

3f

4t

5t