Answer :- Nominal Account
2. Where there is oversubscription, allotment of share is usually done on........ basis
Answer :- Pro-rata
3. The difference between standard cost and actual cost is known as
Answer :- Variance
4. Depletion method of depreciation is used in
Answer:- Mines and Quarries
5. Name the author of the book Suma de Arithmetica
Answer :- Luca Paciolli
6. Mortgage is a term used with
Answer:- Fixed assets
7. Income tax Authorities accept
Answer :- Diminishing Balance Method
8. There are ....... types of Account
Answer :- Three
9. Current account is opened by
Answer :- Businessman
10. What is the full form of NPA
Answer :- Non Performing Asset
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