Select the most appropriate alternatives from those given below and rewrite the statement:

i. International Accounting day is observed on __________

(a) 10th November 

(b) 12th November 

(c) 10th December 

(d) 15th December

ii. Conventional system of accounting is _________ 

(a) English entry system 

(b) Double entry system 

(c) Indian System 

(d) None of these

iii. Every debit has corresponding ________ 

(a) Debit 

(b) Credit 

(c) Right hand side 

(d) None of these

iv. Radha’s Account is a type of _________ account.

(a) Nominal 

(b) Personal 

(c) Real 

(d) Expenses

v. Machinery Account is ________ account. 

(a) Nominal 

(b) Income 

(c) Personal 

(d) Real

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1 Answers

i. (a) 10th November

ii. (c) Indian System

iii. (b) Credit

iv. (b) Personal

v. (d) Real

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