491. In which of the following item stock turn rate is low?
A. Grocery
B. Agent
C. Jeweler
D. All of the above
492. If sport material is sale then in which form it is treated?
A. Expense
B. Liability
C. Asset
D. Income
493. The institution Non-trading is for?
A. Manufacturing goods
B. Selling Goods
C. Not to earn a profit
D. All of Above
494. A payment and receipt account is for?
A. Balance sheet
B. Profit & loss account
C. Trial balance
D. Cash book
495. Which thing do not maintains by Non-trading concerns?
A. Payment and receipt account
B. Income and expenditure account
C. Balance sheet
D. Trading Profit and Loss account
496. In advance which subscription received?
A. Liability
B.Capital Fund
C. Asset
D. Income
E. All of the above
497. in which side admission fee received treated?
A. Capital income
B. Revenue income
C. Partly revenue income
D. None of the above
498. The payment and receipt account is not for?
A Summary of cash transaction
B. Real account
C. Nominal account
D.All of the above
499. The Expenditure and income account start with?
A. Credit balance
B. No balance
C. Debit balance
D. Liabilities
500. Expenditure and income account is equal to?
A. Profit and loss account
B. Petty cash book
C. Balance sheet
D. All of the above