12th Accounts One Marks EM

12th Accounts One Marks EM

12th ACCOUNTS - One Marks - EM

Quiz

 

1. income accrued but not received will be shown on the ___ side of the balance sheet.
   1.   liabilities
   2.   assets
   3.   market
2. prepaid expenses are shown on the ____ side of the balance sheet.
   1.   assets
   2.   market
   3.   liabilities
3. outstanding expenses are shown on the ____side of the balance sheet.
   1.   liabilities
   2.   assets
   3.   market
4. closing stock is valued at cost price or ____ price whichever is lower.
   1.   market
   2.   liabilities
   3.   assets
5. net Profit is transferred from Profit and loss account to ________ account.
   1.   capital
   2.   market
   3.   liabilities