International Calling Codes Quiz (Split into separate quiz)

The rule 'Debit the Receiver, Credit the Giver' applies to Personal Accounts in accounting. Personal accounts represent individuals, firms, or organizations. When someone receives something, their account is debited, and when someone gives something, their account is credited. Real accounts use 'Debit what comes in, Credit what goes out,' and Nominal accounts use 'Debit all expenses and losses, Credit all incomes and gains.'

Contingent liabilities are not recognized on the balance sheet because they are uncertain obligations that may or may not occur. They are only disclosed in the notes to the financial statements when there is a possible obligation that cannot be reliably measured, or a present obligation where payment is not probable. Only certain liabilities are recognized on the balance sheet.

The rule 'Debit what comes in, Credit what goes out' applies to Real Accounts (assets). Real accounts include tangible assets like machinery, furniture, and cash. Personal accounts follow 'Debit the receiver, Credit the giver', while Nominal accounts follow 'Debit all expenses and losses, Credit all incomes and gains'.

A balance sheet is a financial statement, not an account, ledger, or journal. It presents the financial position of an entity at a specific point in time, showing assets, liabilities, and equity. Accounts are individual records in ledgers, ledgers are collections of accounts, and journals record transactions chronologically - none of these describe the balance sheet.

BRS stands for Bank Reconciliation Statement. It is prepared to reconcile the difference between the bank balance shown in the cash book and the balance shown in the bank statement. The differences arise due to cheques issued but not presented, cheques deposited but not credited, bank charges, etc. Note the typo 'Reconcilitation' in the question.

A contra entry appears on both debit and credit sides of the same account. Common examples include cash deposited into bank (debit bank, credit cash) and cash withdrawn from bank (debit cash, credit bank) when maintaining a cash book with bank column. Double entry is the system, not a specific entry type. Single entry is an incomplete system.

Current assets are assets expected to be converted to cash within one year. Inventory (stock), Debtors (accounts receivable), Cash and Bank balances, and Bills Receivable are all current assets. Bills Payable is a liability (not an asset), and Miscellaneous Expenditure (preliminary expenses, discount on issue) is a fictitious asset written off over time, not a current asset.

+91 is the international telephone dialing code for India, assigned by the International Telecommunication Union (ITU). This code is used when making calls to Indian phone numbers from other countries.

+92 is the international telephone dialing code for Pakistan, assigned by the International Telecommunication Union (ITU). This code is used when making calls to Pakistani phone numbers from other countries.

+44 is the international telephone dialing code for the United Kingdom, assigned by the International Telecommunication Union (ITU). This code is used when making calls to British phone numbers from other countries. +41 is for Switzerland, +55 is for Brazil, and +33 is for France.

+1 is the international telephone dialing code for the United States (and also Canada), assigned by the International Telecommunication Union (ITU). This code is used when making calls to North American phone numbers from other countries.

+61 is the international telephone dialing code for Australia, assigned by the International Telecommunication Union (ITU). This code is used when making calls to Australian phone numbers from other countries.

+971 is the international telephone dialing code for Dubai (United Arab Emirates), assigned by the International Telecommunication Union (ITU). The +97x series is used for countries in the Middle East region.

+27 is the international telephone dialing code for South Africa, assigned by the International Telecommunication Union (ITU). This code is used when making calls to South African phone numbers from other countries.

+94 is the international telephone dialing code for Sri Lanka, assigned by the International Telecommunication Union (ITU). This code is used when making calls to Sri Lankan phone numbers from other countries. Sri Lanka is close to India (+91) but has a different code.

+41 is the international telephone dialing code for Switzerland, assigned by the International Telecommunication Union (ITU). This code is used when making calls to Swiss phone numbers from other countries. +44 is for the UK, +43 is for Austria, and +42 is no longer in use (formerly Czechoslovakia).

Singapore's country calling code is +65. This is a straightforward telecommunications fact. +64 is New Zealand, +66 is Thailand, and +67 is not assigned as a country code (parts are +670-679 for various Pacific islands). The question content just says 'Singapore' - it's asking for the calling code, which is evident from the options.

Saudi Arabia's international telephone country code is +966. This is the prefix dialed before the local number when calling Saudi Arabia from abroad. The other codes belong to different countries: +967 is Yemen, +968 is Oman, and +999 is not a valid country code.

Bangladesh's international telephone country code is +880. This code is used when dialing Bangladeshi numbers from outside the country. The other options are incorrect: +770 is not a valid country code, +990 doesn't exist, and +100 is not assigned to any country.

Nepal's international telephone country code is +977. This is the standard prefix for calling Nepal from abroad. The distractors are wrong: +955 is not valid, +966 is Saudi Arabia, and +988 is not assigned to any country.