TRB Tripura STPGT Commerce Paper 2016

STPGT TRB Tripura Commerce 2016 Paper

Which one of the following is not the characteristics of accounting information ?
(a) Reliability
(b) Relevance
(c) Comparability
(d) None of the above

Double-entry system was introduced in
(a) America
(b) Japan
(c) Italy
(d) None of the above

The accounting standards are intended to apply online to items which are
(a) material
(b) insignificant
(c) measured in terms of money
(d) None of the above

Accounting principles are generally based on
(a) practicability
(b) subjectivity
(c) convenience of recording
(d) None of the above

Which of the following is not a fundamental accounting assumption ?
(a) Going concern
(b) Accrual
(c) Conservatism
(d) None of the above

The matching principle results from the
(a) periodicity principle
(b) realisation principle
(c) financial transaction principle
(d) None of the above

The basic accounting equation is
(a) Assets = Expenses + Income
(b) Assets = Cash + Capital
(c) Assets = Capital + liabilities
(d) None of the above

A compound journal entry is with
(a) one debit entry and more than one credit entry
(b) one credit entry and more than one debti entry
(c) more than one both debit and credit entries
(d) All of the above

A tTrial Balance is prepared to locate
(a) errors of principle
(b) errors of omission
(c) compensating errors
(d) None of the above

Cashbook is an example of
(a) general journal
(b) special journal
(c) compound journal
(d) None of the above

Bad debt recovered during the year is a
(a) revenue expenditure
(b) revenue receipt
(c) capital receipt
(d) None of the above

Debit balance in the cashbook means
(a) overdraft as per passbook
(b) overdraft as per cashbook
(c) credit balance as per passbook
(d) None of the above

Balances of Personal Account will be shown in
(a) Trading Account
(b) Profit and loss account
(c) Balance sheet
(d) None of the above

What is the accounting nature of outstanding expenses ?
(a) Nominal account
(b) Personal Account
(c) Real Account
(d) None of the above

Assets are held for the purpose of
(a) earning revenue
(b) resale
(c) conversion into cash
(d) None of the above