Question 1 of 25
Hints left: 3
Q1
The systematic process of keeping or maintaining financial records and transactions for a business
Q2
Principles of management are significant because of:-
Q3
Direct cost and direct expenses are the same
Q4
Threats from outsiders are a threat derived from the employee’s activities and actions?
Q6
Choose the grammatically correct sentence.
Q7
The rules and regulations which state how accountants operate in a particular place
Q9
Rules of debit for real account is
Q10
which is the last step of accounting as a process of information
Q11
Closing balance of the current year in the ledger accounts is the ___ of the next year
Q12
Book-Keeping is applicable to barter system transaction.
Q13
specific order costing Method does not include (more than one option can be selected)
Q14
Ledger is called book of original entry.
Q15
Which one of the following items cannot be recorded in the profit and loss appropriation account?
Q16
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?
Q17
Qualitative characteristics of accounting includes
Q18
This is an example of
Q19
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
Q20
Journal entries of workmens compensation reserve
Q21
Drawings A/c Dr To Cash A/cThe journal entry is for recording -
Q22
Cash withdrawn by the proprietor of the business for his personal use causes
Q23
Which of the following BEST describes the term entrepreneur?
Q24
Which of the following is an example of tertiary sector?
Q25
Which of the following are tools of management accounting?A) Decision accountingB) Standard costingC) Budgetary controlD) Human Resources Accounting