What is the main purpose of accounting?

1.Which of the following is the expanded form of the accounting equation?

2.A 6% loan bond worth Tk. 2,00,000 is issued to Mr. Zahid. What is the correct journal entry?

3.Which of the following are examples of capital expenditure? i. Purchase of plant ii. Installation cost of plant iii. Repair of plant Which is correct?

4.What is the total gross profit?

5.When one asset increases and another asset decreases, which of the following applies? i. Purchase of furniture in cash ii. Sale in cash iii. Cash deposited in bank Which is correct?

6.What type of account is Accumulated Depreciation?

7.When is a rectifying entry made?

8.What will be the depreciation for 2024 using the straight-line method?

9.Which components of the accounting equation are affected by credit purchases?

10.Which of the following is no included in the trial balance?

11.What type of error is this?

12.Which of the following is a non-operating income? i. Interest received ii. Discount received iii. Profit on sale of assets Which is correct?