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

(c) Deferred revenue expenditure (d) None of the above 1. The process of recording business transaction in the journal is called (a) Positing (b) Costing (c) Balancing (d) Journalizing 8. In reducing balance method, the depreciation amount is_____ (a) Increasing (b) Decreasing (c) Fixed (d) Constant 2. is a mathematical expression which shows that the business assets are always equal to business liabilities. (a) Accounting equation (b) Accounting principles (c) GAAP (d) Accounting standards 9. All direct expenses are debited to (a) Profit and loss a/c (b) Balance sheet (c) Trading a/c (d) Trial balance 3. As per the concept, a business unit is separate from its owner or owners. (a) Accrual (b) Entity (c) Dual aspect (d) Realization 10. GST stands for (a) Government sales tax (b) Government service tax (c) Goods and services tax (d) Goods and simple tax to 4. Total of all debit balance must be the total of all credit balance. (a) Equal (b) Different (c) More (d) Loss 5. The persons who enter into a joint venture are called (a) Partners (b) Owners (c) Shareholders (d) Co-ventures. assets 6.Depreciation is provided in (a) Current (b) Fixed (c) Floating (d) Intangible 7. Preliminary expenses are as example of (a) Capital expenditure (b) Revenue expenditure