Financial Accounting Ebook Free Download

Today, we are happy to announce that all those who will give the answers of our basic financial  accounting questions, can get and download   free eBook of  Financial Accounting {Total Value Rs. 2,50,000 ($ 4607.44)} in Gift form. There will neither be any advertising nor any sponsorship banner in it.

This is the 4th time when we are giving the free gift to those who will give the answers, clear the test and will get rank. See our Past past Contest and result at here.

Before giving online answer, please read its following rules. 

1. Total Value of Prizes = Rs. 2,50,000 ($ 4607.44)

2. Prizes will be in Our ebook whose market value is Rs. 2000 ($ 36.85). 125 winners as per our result will get this gift free of cost.

 3. You have to  write the answers in following answer sheet. When you will win the prize, we will send ebook  to your given email address.

4. All are 10 objective type questions which have taken from past contents which have been written in accounting education website.

5. Result will be declared 7th Dec.. 2012. So, from today, you have 7 days to answer for winning gift from me.

6. Every candidate who will get the 50%  marks, will get the chance of winning the prize. If  candidates who have more than 50%, will be more than 125, we will use random lottery system for finding the winner.

7. Just Answer in Answer Sheet. Please do not write the question. For example if answer of 5 question  is d, write 5. d

So, if you love to accounting, come to answer this online test and win prizes from us.

Question 1. Outstanding wages is an item of 

(a) Current asset

(b) Current liability

(c) Non- Current Asset

(d) Non-current liability
Question 2. Assets appearing in the book but having no value are know as

(a) Wasting Assets

(b) Intangible Assets

(c) Current Assets

(d) Fictitious Assets
Question 3. Profit and loss account of business shows the 

(a) Balance of all accounts

(b) Gross profit earned

(c)  Net profit earned

(d) Capital employed in business
Question 4. Balance sheet shows the 

(a) Financial position of a business

(b) Balance of all accounts

(c) Net profit earned during a period

(d)  None of the above
Question 5. Which of the following headings is correct?

(a) ABC Company

Income statement as on 31st march 2012

(b) ABC Company

Income statement for the year ended 31st march 2012

(c)  ABC Company

Income statement, 31st march 2012

(d) All above headings are wrong

Question 6.  Which of the following headings is correct?

(a) ABC Company

Balance Sheet as on 31st march 2012


ABC Company

Balance Sheet for the year ended 31st march 2012


ABC Company

Balance Sheet,  31st march 2012


 All above headings are wrong

Question 7. Which of the following is an accounting equation?

(a) Capital = assets + liabilities

(b) Capital = assets - liabilities

(c)  assets = liabilities - Capital

(d) liabilities = Assets + Capital

Question 8. Which of the following is an accounting equation?

(a) capital + liabilities - assets = zero

(b) assets - liabilities - capital = zero

(c) assets = capital + liabilities

(d) all of the above

Question 9.  Which of the following is an accounting equation

(a)  Assets = Equities

(b) Assets = liabilities - capital

(c) assets = liabilities - equities

(d) assets = equities + liabilities

Question 10. A business has assets of Rs. 44312 and owner's equity Rs. 13210. What is the amount of the liabilities?

(a) Rs. 31102

(b) Rs. 57522

(c) Rs. 44312

(d) None of these

Answer will be shown after declaring the result. So, please wait. 


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Accounting Education: Financial Accounting Ebook Free Download
Financial Accounting Ebook Free Download
Accounting Education
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