Question 1 of 25
Hints left: 3
Q1
Threats from outsiders are a threat derived from the employee’s activities and actions?
Q2
Qualitative characteristics of accounting includes
Q3
Ledger is called book of original entry.
Q4
specific order costing Method does not include (more than one option can be selected)
Q5
Drawings A/c Dr To Cash A/cThe journal entry is for recording -
Q6
Book-Keeping is applicable to barter system transaction.
Q7
Cash withdrawn by the proprietor of the business for his personal use causes
Q9
Closing balance of the current year in the ledger accounts is the ___ of the next year
Q10
Rules of debit for real account is
Q11
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
Q13
Principles of management are significant because of:-
Q14
Choose the grammatically correct sentence.
Q15
Which of the following are tools of management accounting?A) Decision accountingB) Standard costingC) Budgetary controlD) Human Resources Accounting
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
The systematic process of keeping or maintaining financial records and transactions for a business
Q18
Which of the following BEST describes the term entrepreneur?
Q19
This is an example of
Q20
Journal entries of workmens compensation reserve
Q21
Direct cost and direct expenses are the same
Q22
Which of the following is an example of tertiary sector?
Q23
The rules and regulations which state how accountants operate in a particular place
Q24
Which one of the following items cannot be recorded in the profit and loss appropriation account?
Q25
which is the last step of accounting as a process of information