TexaLab Quality Makes Us Strong Home (/imww.texalab.com) About (//www.texalab.com/blog/about/) Business (//www.texalab.com/blog/business/online-business-vs-offline-business/) Social Tourism (/iwww.texalab.com/blogitourism/andaman-and-nicobar‘islands-tourism/) ‘Technology Prepare Exams Free Online Exams(CBT) (/www.texalab. comifree-online-examv/index.php) Department of Hotel Management and Catering Technology Hotel Accounts Note: Please enable javascript to view the correct answers. Prey n Over | Giv inline Examin: (http:/www.texalab.com/etest/index.php) Question 1 : Net loss is —--—~ of the business Option-1 : Ortiabilty Option-2 : O expenses Option-3 : @ asset ‘Option-4 : O extra ordinary loss: Question 2 : The debit and credit side of profit and loss account are always equal Option-1 : O true Option-2 : @ false ‘Question 3 : Unearned income is the liability of the business Option-1 : @ tue Option-2: O false Question 4 : Limitation of financial statement COption-1 : Qignores human resource ‘Option-2 : O ignores price level changesOption-3 : Oignore qualitative aspects Option-4 : @ all the above Question 5 : Managers commision on gross profit will be shown at the debit side of profit and loss account and also at the- side, because this is still payable Option-1 : O asset Option-2 : ® tiaviity ‘Option-3 ; O trading account ‘Option-4 : O none of these ‘Question 6 : Managers commision on net profit (before charging commision) Option-t ; O rate of commission/100"net prof before commission Option-2 ; © rate of commission /100+ rate “net profit before commision Option-3 ; O either (A) or(8) Option ; Onone of these Question 7 : Managers commision on net profit (after charging commision is equal to rate of commision/100¢rate ‘net profit before charging Option-1 : @ tue Option-2: O false ‘Question 8 : Postages charges is treated in the debit side of the profit and loss account Option-1 : O true Option-2: @ false ‘Question 9 : Expenses which have been paid in advance are called Option-t : ® prepaid expenses Option-2 : © outsanding expenses: Option-3 : O neither of these: Question 10 : The purpose of financial accounts is to ascertain COption-t : O profit Option.2 ; Othe vale of assetsOption-3 : O the value of liability Option-4 : ® proft and loss and financial position |s (prepare. php2page=1), _1_(prepare.php?dept=111- Hotel Management and Catering_Technology&sub=289- Hotel Accounts&page=1) 2 (prepare.php?dept=111- Hotel Management_and_Catering_Technology8sub=289- Hotel Accounts&page=2) 3 (prepare.php?dept=111- Hotel_Management_and Calera Technology&sub=289- Hotel_Accounts&pag —4_(prepare.php?dept=111- Hotel Management_and ate. TachnologyBsub=289. Hotel_Accounts&pagi Hotel_Management_and. Hotel_Accounts&pa¢ Hotel_Management_and eaters Technologysub=269- Hotel_Accounts& _12_(prepare.php? Hotel_Management_and Caters Technologyssun=269- Hotel_Management_and. er ‘ahnoiogyBsate Hotel Accounts&page=13) 14 (prepare.php?dep! Hotel Management_and Hotel_Accounts&pag Hotel Management_and_Catering_Technology&sub=289- Hotel_Accounts&pagi 16 _(prepare.php?dey Hotel_Management_and_Catering_Technology8su! Hotel_Accounts&pag }) 17 _(prepare.php?der Hotel Management_and_Catering_Technology8su! Hotel_Accounts&pag ’) 18 _(prepare.php?der Hotel Management_and_Catering_Technology&sul Hotel_Accounts& ) 19 (prepare php?d Hotel Management_and_Catering_Technology&sul Hotel_Accounts&page=20) _21_(prepare.php?dep! Hotel Management and Catering Technology&sub=289- Hotel_Accounts& ) 22 _(prepare.php?dey Hotel Management _and_Catering_Technology&sub=289- Hotel Accounts&page=22) 23 (prepare.php?dep Hotel Management_and_Catering_Technology&sub=289- Hotel Accounts&page=23) 24 (prepare.php?def Hotel Management_and_Catering_Technologya&sul Hotel Accounts&page=24) 25 (prepare.php?d Hotel Management_and_Catering_Technology&sul Hotel Accounts&page=25) 26 (prepare.php?depHotel_Accounts&page=26) 27 (prepare.php?dep! Hotel Management _and Catering Technology&sul Hotel_Accounts&page=27) 28 (prepare.php?dep! Hotel Management _and Catering Technology&sub=289- Hotel_Accounts&y ) 29 _(prepare.php?dey Hotel Management_and_Catering_Technology&sub=289- Hotel Accounts&page=29) _30_(prepare.php?dep Hotel Management_and_Catering_Technology&sub=289- Hotel_Accounts&page=30) _31_(prepare.php?def Hotel Management_and_Catering_Technology&sub=289- Hotel_Accounts& ) _32_(prepare.php?d Hotel Management_and_Catering_Technology&sul Hotel Accounts&page=32) 33 _(prepare.php?dep\ Hotel Management_and_Catering_Technology&sul Hs ), -35_(prepare,nhp?der Hotel_Management_and_Catering_Technology&su Hotel_Accounts&pag ) >| (prepare.php?dept=111- Hotel_Management_and_Catering Technology&sub=289- Hotel_Accounts&pagi Visitors : 3453186 Copyright © 2016 . All Rights Reserved.