Answer All ...no need for explainaton just give correct option .....answer all correctly

account 1 Bookkeeping is the stage. (a) First (b) Second (c) Third (d) Fourth 8. Joint Venture account is a (a) Personal (b) Real (c) Nominal (d) Impersonal 2. Double Entry means: 9. account is prepared to find the net profit or net loss of the business. (a) Trading (b) Profit and loss (c) Furniture (d) Machinery (a) Entry for the two aspects of books (b) Entry at two dates (c) Entry in two aspects of transaction (d) All of the above 10. Expenses which are due but not paid are called (a) Prepaid expenses (b) Outstanding expenses (c) Unexpired expenses (d) Direct expenses 3. means basic assumptions or conditions upon which accounting is based. (a) Accounting principles (b) Accounting concepts (c) Accounting Conventions (d) Double Entry accounting 4. The process of transferring entries from the journal into the ledger is called (a) Totaling (b) Posting (c) Balancing (d) Journalizing 5A trial balance is a (a) Statement (b) Journal (c) Ledger (d) Subsidiary 6 is a gradual and permanent decline in the value of fixed assets. (a) Depreciation (b) Appreciation (c) Amortization (d) None of these 7. Wages paid for creation of machinery is a (a) Capital expenditure (b) Revenue expenditure (c) Deferred revenue expenditure (d) None of the above