_________ is the evidence that a transaction took place?
_________ is the evidence that a transaction took place?
A. Source documents
B. Ledger
C. Bonds
D. Journals
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The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.A. Amortization
B. Loan Payment
C. Liability
D. Securitization$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.A. $5000 will be credited
B. $5000 will be debited
C. $10,000 will be credited
D. $10,000 will be debitedWhich of these types of expenditure would not be treated as a Capital Expenditure?
Which of these types of expenditure would not be treated as a Capital Expenditure?
A. Acquisition of an Asset
B. Extension of an Asset
C. Improvement of the existing Asset
D. Maintenance of the AssetWhich of these transactions will not be recorded in cash book?
Which of these transactions will not be recorded in cash book?
A. Cash received from debtors
B. Cash paid to creditors
C. Salary remained outstanding
D. Cash deposited with bankWhich of the following accounting equation is correct?
Which of the following accounting equation is correct?
A. Cash+Other assets=Capital-Liabilities
B. Capital+ Liabilities=Assets+Income
C. Assets-Liabilities=Capital
D. Assets+Capital=LiabilitiesAverage Accounting Return is a measure of accounting profit relative to:
Average Accounting Return is a measure of accounting profit relative to:
A. Book value
B. Intrinsic value
C. Cost
D. Market value