Question 1
Which of the following accounting concepts states that business transactions should be recorded separately from the personal transactions of the owners?
Correct Answer:
Business Entity Concept
Question 2
While preparing a Bank Reconciliation Statement starting with the balance as per the Cash Book, how should an amount directly deposited by a customer into the bank account be treated?
Correct Answer:
Added to the Cash Book balance
Question 3
Which of the following errors is NOT disclosed by a Trial Balance?
Correct Answer:
Complete omission of a transaction from the books of original entry
Question 4
A machine was purchased on 1st April 2024 for ₹1,00,000. Under the Written Down Value (WDV) method, depreciation is charged at 10% per annum. What will be the book value of the machine on 31st March 2026?
Correct Answer:
₹81,000
Question 5
Under the Goods and Services Tax (GST) framework in India, which tax is levied on an inter-state supply of goods or services?
Correct Answer:
Integrated GST (IGST)
Question 1
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Prepare with the JKSSB Finance Accounts Assistant Practice Questions - JKSSB Finance Accounts Assistant Recruitment Exam (JKSSB, India) Exam practice quiz. This question bank includes 100 questions covering kashmir, jammu, famous, accounting, and business. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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JKSSB Finance Accounts Assistant Practice Questions - JKSSB Finance Accounts Assistant Recruitment Exam (JKSSB, India) Exam

This practice set contains 100 questions from the matching question bank and focuses on kashmir, jammu, famous, accounting, and business. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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