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