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Business Data Management, Quiz 2

May 2026 term, 16 Aug 2026, Set 1

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Question 1

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Which of the following options correctly describe what a Capital Reserve is?

Select one option

A.
Money owed to suppliers for raw materials.
B.
The amount of cash in the register at the end of the day.
C.
Profits set aside for general safety from daily operations.
D.
Profit earned from non-regular activities, such as selling land.

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Which of the following options correctly describe what a Capital Reserve is? If a cafe buys ₹10,000 worth of a coffee beans machine on credit, what is the immediate impact on the accounting equation? An account is defined as the fundamental building block of the accounting system. Which of the following options best describes its purpose?