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Copyright is an example of

A. Real Account

B. Asset

C. Intangible Asset

D. All of the above

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  1. The aggregate of direct material, direct labour and direct expenses is known as
  2. An expenditure intended to benefit the current period is revenue expenditure.
  3. Goodwill is not a fictitious asset.
  4. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  5. Deferred Revenue Expenditure is current year's revenue expenditure to be paid in latter years.
  6. All credit sales are recorded in
  7. Which of the following equation(s) is(are) true
  8. Depreciation is not charged on _______________.
  9. In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
  10. Cash is an example of
  11. Choose the odd one out
  12. The balance in the Cash Book represents net income.
  13. HUF stands for
  14. Accrual concept implies accounting on cash basis.
  15. Net Realisable Value of an asset means
  16. WIP stands for
  17. Wages and Salaries is a charge against
  18. The accounts of a company may be maintained using Single Entry System of Book Keeping also.
  19. Contingent liability is an ascertained liability but its amount and due date are indeterminate.
  20. Fixed Assets are stated in the balance sheet at their market value.
  21. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  22. Bank Reconciliation statement is prepared to arrive at the Bank Balance.
  23. Copyright is an example of
  24. Depreciation cannot be provided in case of loss, in a financial year.
  25. The first step of accountancy is
  26. WDV stands for
  27. Business ventures, which are started for a predefined period, are known as _____________ventures
  28. Providing depreciation ensures sufficient cash for asset replacement.
  29. Sale of Office Furniture should be credited to Sales Account.
  30. A part of the profit distributed to the shareholders is known as