1081. The “Quality” of things are influenced by:
A. Dual aspect concept
B. Entity concept *
C. Money measurement concept
D. None of the above
1082. The equity of the owner is called :
A. Assets
B. Liabilities *
C. Capital
D. Income
1083. The equity of the owners is called :
A. Assets
B. Liabilities
C. Capital *
D. Income
1084. The cost concept of the owner is called :
A. Unreal records
B. Incomplete records
C. Truthfull records *
D. None of the above
1085. The individual record of an asset , a liability , a revenue, an expense or capital in a summarized manner is called :
A. A trial balance
B. Ledger
C. An accountant *
D. Journal
1086. Accounts relating to persons or firms are called :
A. Real accounts
B. Proprietary accounts
C. Personal accounts *
D. Nominal accounts
1087. When an account represents certain person or person then it is called as :
A. Artificial person’s accountant
B. Representative personal account *
C. Nature person’s account
D. Real accounts
1088. Salary outstanding account relevant to :
A. Representative personal account *
B. Artificial person’s account
C. Natural persons account
D. Nominal account
1089. Personal accounts are related to :
A. Assets and liabilities
B. Expenses, losses
C. Customers, creditors etc *
D. Incomes
1090. Nominal accounts are related to :
A. Assets and liabilities
B. Expenses, losses and incomes *
C. Customers, creditors etc
D. Capital account