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A V Educational Society's - Degloor College, Degloor
Internal Examination (TY) Subject: Advanced Accounting II
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Email
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Name of the Candidates
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Seat No
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Class
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Mobile No
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Aadhar No
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Exam Date
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1. Which of the following Company follows Double entry accounting system
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Holding companies
Package companies
Electricity companies
None of these
2. Revenue a/c is like
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Ordinary trading a/c
Ordinary Profit & loss a/c
Both a & b
None of these
3. The functions of electricity company is
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Generation
Distribution
Transmission
All of these
4. Final a/c of electricity company consists of
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Revenue a/c
Net revenue a/c
Capital a/c
All of these
5. In electricity company the ordinary balance sheet is classified into
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2
3
4
5
6. Meter rent is ----- for electricity company
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Income
Expense
loss
profit
7. Sale of electricity is ______to revenue a/c
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Debited
Credited
Both a & b
None of these
8. Capital receipt is shown on
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Asset side
Liability side
Both a & b
None of these
9. Departments are located in
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Same place
Other city
Other state
Same state
10. Indirect Expenses are also called
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Common Expenses
Prime cost
Factory cost
Management cost
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