Select the most appropriate alternatives from those given below and rewrite the statements.

1) International Accounting day is observed on . . . . . . . . . . . . . .
a) 10th November      b) 12th November     c) 10th December      d) 15th December

2) Conventional system of accounting is . . . . . . . . . . . . . .
a) English entry system      b) Double entry system     c) Indian system      d) None of these

3) Every debit has corresponding . . . . . . . . . . . . . .
a) Debit      b) Credit      c) Right hand side      d) None of these

4) Radha`s Account is a type of . . . . . . . . . . . . . account.
a) Nominal b) Personal c) Real d) Expenses

5) Machinery Account is . . . . . . . . . . . . . account.
a) Nominal      b) Income       c) Personal      d) Real

6) Goodwill is . . . . . . . . . . . . . . asset.
a) Tangible      b) Current      c) an intangible      d) None of these

7) Prepaid expenses is . . . . . . . . . . . . account.
a) Real      b) Personal      c) Nominal      d) Income

8) Debit the receiver, Credit the . . . . . . . . . . . . . .
a) Goes out      b) Giver      c) Income and gains      d) Comes in

9) Debit what comes in, Credit what . . . . . . . . . . . . . .
a) Giver      b) Expenses and losses     c) Goes out      d) Income and gains

10) Debit all . . . . . . . . . . . . . . and Credit all income and gains.
a) Giver      b) Expenses and losses      c) Goes out      d) None of these