28.

29.

30,

31.

32.

33,

34.

35.

on credit,

Goods outward journal is meant for recording all returns of goods
(ಗೆ) 8010 (1) purchased
(0) ஊம்‌ (11) none of these

Income tax paid by the sole proprietor on his business income should be :
(५) debited to the trading account
(B) debited to the profit and loss account
(0) deducted from the capital account in the balance sheet
(D) deducted from the bank account of the buginess

Out standing salaries are shown as :
(A) an asset ' (2) 8111110
)0 an income (D) an expense

Goods given as sample should be credited to :
(ക) advertisement account (8) sales account
(0) purchase account (10) capital account

Assets which have no real value but are shown in the books of accounts on technical reasons
are called :

(^) tangible assets (B) intangible assets

(0) wasting assets (D) fictitious assets
Copy right is a account.

(A) real account 0 ए) personal account

(C) nominal account (D) ecapital account

A short description of every transaction made in the journal is called :
(ಗಿ) journal folio (B) ledger folio
{C) narration (D) particulars

Proprietor of a business is treated as creditor to the extent of capital, is under the concept of :
(ಗೌ) money measurement (B) going concern
(C) dual aspect ಟು) business entity

Stock in trade does not include :
(A) work-in-progress (ए) raw materials
() items held as fixed assets (D) . finished goods

14/2015 6 A