Question 1 of 25
Hints left: 3
Q1
Choose the grammatically correct sentence.
Q2
Direct cost and direct expenses are the same
Q3
Which of the following BEST describes the term entrepreneur?
Q5
Latrina Ramin’s checking account had a balance of $148.52. One day she writes checks for $46.75 to purchaseablanket,$6.25forabook,and $95.00 for a bedspread. What is the new balance in Ramin’s account?
Q6
which is the last step of accounting as a process of information
Q7
Principles of management are significant because of:-
Q8
The systematic process of keeping or maintaining financial records and transactions for a business
Q9
Journal entries of workmens compensation reserve
Q10
This is an example of
Q11
Which of the following are tools of management accounting?A) Decision accountingB) Standard costingC) Budgetary controlD) Human Resources Accounting
Q12
Drawings A/c Dr To Cash A/cThe journal entry is for recording -
Q13
Ledger is called book of original entry.
Q14
Which of the following is an example of tertiary sector?
Q15
Qualitative characteristics of accounting includes
Q16
Which one of the following items cannot be recorded in the profit and loss appropriation account?
Q18
The rules and regulations which state how accountants operate in a particular place
Q19
Threats from outsiders are a threat derived from the employee’s activities and actions?
Q20
Book-Keeping is applicable to barter system transaction.
Q21
specific order costing Method does not include (more than one option can be selected)
Q22
Closing balance of the current year in the ledger accounts is the ___ of the next year
Q23
Cash withdrawn by the proprietor of the business for his personal use causes
Q24
A, B and C are partners sharing profits in the ratio of 1/4 : 3/10 : 9/20. The New ratio on the retirement of C will be
Q25
Rules of debit for real account is