Which of the following is not a Real Account?

Related MCQs

• A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2014 after taking into consideration the following items. (i) The cost of an asset Rs.23,000 has been taken as an expense (ii) The firm anticipated a profit of Rs.12,000 on the sale of an old furniture (iii) Salary of Rs.7,000 outstanding for the year has not been taken into account. (iv) An asset of Rs.85,000 was purchased for Rs.75,000 and was recorded in the books at Rs.85,000. What is the correct amount of profit to be reported in the books?
• Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is
• According to the money measurement concept, the following will be recorded in the books of account of the business:
• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• Salary Account comes under which head?
• The Convention of Conservatism takes into account
• Human resources will not appear in the balance sheet according to ______concept.
• In which of the following cases, accounting estimates are needed?
• In income measurement & recognition of assets & liabilities which of the following concepts goes together ?
• A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated?