The assets which have some market value are called ____________?
A. Fixed asset
B. Quick asset
C. Fictitious assets
D. Real assets (correct)
The assets which have some market value are called ____________? Read More »
MCQs / Q&A, Misc. MCQs / Q&AWhen goods, in which business deals are sold, it is called___________?
A. Purchases
B. Return inward
C. Sales (correct)
D. Return outwards
When goods, in which business deals are sold, it is called___________? Read More »
MCQs / Q&A, Misc. MCQs / Q&ADiscount 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&ADouble 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
Maximizing Shareholder wealth: Read More »
MCQs / Q&A, Misc. MCQs / Q&A