AE for Introduction of Capital

Q.

What are the 2 types of capital?

Q.

Fresh capital introduction will increase ___.

1. Liabilities, Capital & cash

2. Capital & Liabilities

3. Assets & Liabilities

4. Assets & Capital

Q.

Accounting equation remains intact under all circumstances. Justify the statement with the help of an example.

Q. When cash is invested in the business, the value of assets will .

1. increase
2. decrease
3. not change

Q. When cash is invested in the business, the value of assets will

1. increase
2. decrease
3. not change

Q. When the electricity bill is paid, the value of capital will .

1. increase
2. decrease
3. not change

Q. _____ are a set of computer programmes, which are designed to perform certain supporting operations.

1. Operating system
2. System software
3. Utility programmes
4. Connectivity software

Q. Which of the following is the limitation of computer system?
a. Computers cannot take decisions on their own because they do not possess all the essentials of decision-making.
b. Computer system as on date do not possess any common sense because no full-proof algorithm has been designed to programme common sense.

1. Both a and b
2. Only b
3. Only a
4. None of the above

Q.

Jayant forms a sole proprietorship called Accounting Software Co. (ASC). On December 1, 2017, Jayant invests personal funds of Rs 10, 000 to start ASC. The effect of this transaction on ASC's accounting equation is:

1. A & B Both

2. Increase in Assets with Rs 10, 000

3. Increase in Capital with Rs 10, 000

4. Increase in Assets & Liabilities with Rs 10, 000 each

Q. _____ are the people who participate in operating the computers.

1. System analysts
2. Operators
3. Programmers
4. None of the above

Q. A computer when used properly __________ the efficiency of an organisation.

1. will not improve
2. will improve
3. may not improve
4. none of the above

Q. Find the synonym of the underlined word.
After the tremendous improvements in size in recent years, the hugeness of the first computers is almost shocking to us today.

1. Primitive appearance
2. Slowness
3. Ugliness
4. Vast size
5. Influence

Q. show accounting equation
purchased household furniture for Rs 15000; giving Rs 5000 in cash and through loan.