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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
Amount paid to Masood posted to the credit side of his account would affect___________?
  1. Masood’s account
  2. Cash account
  3. Cash account and Gagan’s account
  4. None of these
(0)
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Which of the following statements is incorrect regarding capital account?
  1. Debit increases the capital account balance
  2. Credit increases the capital account balance
  3. Fresh capital increases the capital account balance
  4. Net income increases the capital account balance
(0)
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________ is the first phase of accounting cycle
  1. Identifying an economic event or transaction
  2. Preparing Journal
  3. Posting entries to Ledger accounts
  4. Making decisions about business
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Credit note is the basis for recording a transaction in which of the following journals?
  1. Purchase Journal
  2. Sales return journal
  3. General journal
  4. Cash receipt journal
(0)
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A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
  1. Error of omission
  2. Error of commission
  3. Compensating error
  4. Error of principle
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Building and furniture are called ____________?
  1. Current asset
  2. Fictitious asset
  3. Tangible asset
  4. Fixed assets
(0)
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According to the government, educational institutions will be reopened from which date?
  1. January 10, 2021
  2. February 10, 2021
  3. March 10, 2021
  4. April 10, 2021
(0)
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The government announced to shut educational institutions due to COVID-19. This decision was made on which date?
  1. November 23, 2020
  2. November 22, 2020
  3. November 21, 2020
  4. November 20, 2020
(0)
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The federal government announced closure of educational institutions from which date?
  1. November 26, 2020
  2. November 27, 2020
  3. November 28, 2020
  4. November 29, 2020
(0)
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Prime Minister approved creation of liaison body for spy agencies on which date?
  1. November 23, 2020
  2. November 22, 2020
  3. November 21, 2020
  4. November 20, 2020
(0)
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