What is a secondary book of accounts, the information of which is obtained from the journal is called ? A. Balanced sheetB. Ledger C. Worksheet D. Trial balance
What is used to record historical financial transactions ? A. Bookkeeg system B. Ledger system C. Balance check D. General journal system
What is the change in cost per unit variable change called ? A. Variable costB. Incremental cost C. Fixed cost D. Supplemental cost
What is an accounting term that represents an inventory account adjustment ? A. Cost of goods sold B. Cost accounting C. Standard cost D. Overhead cost
What is another term for “current assets” ? A. Fixed assets B. Non-liquid assetsC. Liquid assets D. Ccash
What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ? A. Economic return B. YieldC. Rate of return D. Return of investment
Lands, buildings, plants and machineries are example of what type of asset ? A. Current asset B. Trade investment assetC. Fixed asset D. Intangible asset
Which of the following is an example of intangible asset ? A. Cash B. Investment in subsidiary companies C. FurnituresD. Patents
__________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations? A. Status company B. Big income C. Known ownersD.…
The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________? A. YieldB. Economic return C. Earning value D. Gain