SSC CGL Tier-2 14th September 2018 AAO

Instructions

For the following questions answer them individually

Question 11

The ____ concept of accounting presumes that an enterprise will continue in operation long enough to charge against income, the cost of fixed assets over their useful lives, to amortize over appropriate period other costs which have been deferred under the actual or matching concept, to pay liabilities when they become due and to meet the contractual commitments.

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Question 12

The ______ of a Non-Profit Organisation gives a list of revenue receipts (for past, current and future periods) as well as capital receipts.

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Question 13

If the two sides of the Trial Balance tally, it is an indication that ____.

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Question 14

In case of a Bill of Exchange, ‘Legal Due Date’ is a date which is arrived after adding three days of grace in the _____.

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Question 15

Self -balancing entries will only be made for those transactions which affect ____.

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Question 16

Which one of the following is a revenue expenditure?

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Question 17

Kohler defines Single Entry System as , “A System of book-keeping in which as a rule only records of _____ and of personal accounts are maintained”.

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Question 18

Recording of business transactions are done in a chronological manner in _____.

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Question 19

“Debit all Expenses and Losses, Credit all Gains and Income” is the principle to record journal entry for______ Accounts.

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Question 20

A trade mark is an example of _____.

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