Question 1 of 25
Hints left: 3
Q1
The dating terms that the SSL Company negotiated with a vendor are 3/10, n/30 on a purchase order made August 18. Calculate the discounted amount SSL would we for an order of $386.69 if it pays by August 25.
Q2
Provision for Depreciation is always credited- why
Q3
Withdrawal of cash from business by the proprietor should be credited to
Q4
Skills, talents, education, and abilities human workers bring to a marketplace is
Q5
What is the nominal code of Rent income?
Q6
To think good about the future of the company means
Q7
Irvin Raymond received a bank statement showing the following amounts. What is his present balance?Previous Balance $453.21 Deposits $449.00 Checks $456.01 Service Charge $2.34 Interest $2.98 Present Balance ???
Q8
Which of the following is an expense
Q9
Telephone is under which Trial Balance
Q11
Reserves created out of profit to meet unforseen contingencies is called
Q14
The term Book Keeping and Accounting can use interchangeably.
Q15
Which one of the following states that the life of a business can be divided into equal time periods?
Q16
How do ethical employees treat other people?
Q17
Which two of the statements below describe how the ICAEW has approached the development of the code of ethics for its members?
Q18
If one aspect of a transaction is not recorded, which accounting concept is not followed?
Q19
An ___ is a person authorized to re view and verify the accuracy of finan cial records.
Q20
The presents a summary of the revenues and expenses of an entity for n a specific period of time, such as a month or a year.
Q21
Click and drag the picture above for clearer question. PLEASE READ AND UNDERSTAND THE QUES- TION.
Q22
State the need for treatment of goodwill on the admission of a partner
Q23
Accrual basis of accounting
Q24
If the claim is equal to workmen compensation reserve: journal entry will be:
Q25
In environmental analysis, what factor study about the income of the people, target market, inflation, recession, prosperity, demand and supply of the market.