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=Liabilities
Which of the following is the practical implementation of the accounting equation?
Which of the following is the practical implementation of the accounting equation?
A. Cash flow statement
B. Income statement
C. Statement of changes in equity
D. Statement of financial position
Payment of expenses will ______ the assets
Payment of expenses will ______ the assets
A. Increase
B. Reduce
C. apportion
D. Overstate
Collection of account receivable will
Collection of account receivable will
A. Increase assets and decrease assets
B. Increase assets and decrease liabilities
C. Increase assets and increase capital
D. Increase assets and increase cash
Net income equal to Revenues minus____________?
Net income equal to Revenues minus____________?
A. Gains
B. Depreciation
C. Expenses
D. Capital expenditures
If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?
If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?
A. Increase in capital
B. Remain the same
C. Decrease in capital
D. No effect on capital
If the total liabilities of a business decrease by $5000 what will be the effect on total asset?
If the total liabilities of a business decrease by $5000 what will be the effect on total asset?
(assuming the amount of capital remain same)
Longest serving prime minister of Pakistan?
Longest serving prime minister of Pakistan?
A. Yousuf Raza Gillani
B. Mian Muhammad Nawaz Sharif
C. Liaquat Ali Khan
D. Muhammad Ali Bogra
Supreme Court disqualified Prime Minister Nawaz Sharif on 28th July 2017 for ?
Supreme Court disqualified Prime Minister Nawaz Sharif on 28th July 2017 for ?
A. Contempt of court
B. Being dishonest
C. violates Islamic Injunctions
D. opposed the ideology of Pakistan.
Supreme Court disqualified Prime Minister Nawaz Sharif under the Constitution’s Article____________?
Supreme Court disqualified Prime Minister Nawaz Sharif under the Constitution’s Article____________?
A. Article 62(1)(b)
B. Article 62(1)(f)
C. Article 63(1)(g)
C. Article 63(1)(f)