Correct Answer:- Option-D
Question19:-The *9%(th)* Indian Premier League (IPL) was won by
A:-Chennai Super Kings
B:-Banglore Royal Challengers
C:-Sunrisers Hyderabad
D:-Kolkata Knight Rider
Correct Answer:- Option-C
Question20:-Which Chundan won the *65%(th)* Nehru Trophy Boat race in 2017 ?
A:-Payippadan
B:-Gabriel
C:-Karichal
D:-Mahadevikkad Kttilthekkethil
Correct Answer:- Option-B

Question21:-The financial statement that reports the assets, liabilities and stockholder's (owner's) equity at a specific date is
the

A:-Balance Sheet
B:-Income Statement
C:-Statement of Cash Flows
D:-Trading Account
Correct Answer:- Option-A
Question22:-Under the accrual basis of accounting, revenues are reported in the accounting period when the
A:-Cash is received
-Service or goods have been delivered
C:-Cash paid
D:-Stock is reduced
Correct Answer:- Option-B
Question23:-Accounting begins where ends.
A:-Book keeping
B:-Balance sheet
C:-Journal
D:-Trial balance
Correct Answer:- Option-A
Question24:-Creditors are shown on the side of balance sheet.

D:-Credit

Correct Answer:- Option-B
Question25:-Revenue - Expense =

A:-Asset

:-Income
C:-Liability
D:-None of the above
Correct Answer:- Option-B
Question26:- is a brief history of financial transaction of a particular person or item.
A:-Account
Balance Sheet
C:-Journal
D:-Source document
Correct Answer:- Option-A
Question27:-If both the aspects of the same transaction are appearing in one account it is
A:-Contra entry
B:-Compound entry
C:-Simple entry
D:-One sided error
Correct Answer:- Option-A
Question28:-Asset minus liability is
A:-Capital
B:-Drawings