Discount received is a/an:
A. Asset
B. Expense
C. Liability
D. Revenue (correct)
Discount received is a/an: Read More »
MCQs / Q&A, Misc. MCQs / Q&AMisc. MCQs / Q&A
Double entry means______________?
A. Entry in two sets of books
B. Entry at two ends
C. Entry at two dates
D. Entry for two aspects of the transaction (correct)
Double entry means______________? Read More »
MCQs / Q&A, Misc. MCQs / Q&AThe person to whom goods are sold on credit is called___________?
A. Buyer
B. Seller
C. Debtor (correct)
D. Creditor
The person to whom goods are sold on credit is called___________? Read More »
MCQs / Q&A, Misc. MCQs / Q&AModern system of book keeping is called______________?
A. Double entry system (correct)
B. American system
C. Single entry system
D. Italic system
Modern system of book keeping is called______________? Read More »
MCQs / Q&A, Misc. MCQs / Q&AGoods Return by the customer are termed as :
A. Purchase return
B. Customer return
C. Sales return (correct)
D. Inventory return
Goods Return by the customer are termed as : Read More »
MCQs / Q&A, Misc. MCQs / Q&AThe maintenance of accounts in a systematic way is called__________?
A. Accounting
B. Reading
C. Book Keeping (correct)
D. Auditing
The maintenance of accounts in a systematic way is called__________? Read More »
MCQs / Q&A, Misc. MCQs / Q&AAn Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
A. Accounting (correct)
B. Accountancy
C. Auditing
D. Book Keeping
Maximizing Shareholder wealth:
A. Relieves the firms responsibility towards society
B. Does not relieve the firm’s responsibility towards society (correct)
C. Partially relives the firm’s responsibility towards society
D. None of Them
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MCQs / Q&A, Misc. MCQs / Q&AAgency theory suggests that managers(the agents), particularly those of large , publically-owned firms, may have different objectives from those of the:
A. Workers
B. Subordinates
C. Shareholders (correct)
D. Employees
The market price of a firm’s stock represents the focal judgment of all market participants as to the value of the:
A. Particular market
B. Particular firm (correct)
C. Particular creditor
D. Particular debtor