Which of the following is the internal user of financial statements?
Which of the following is the internal user of financial statements?
A. Creditor of the business
B. Government agency
C. holder of the business
D. Manager of the business
Similar Posts
If a company has contingent liabilities, they appear in the__________?
If a company has contingent liabilities, they appear in the__________?
A. Balance Sheet
B. Directors‘ report
C. Notes on account to Balance Sheet
D. Chairman‘s report
Contingent liabilities are disclosed in the notes to Balance SheetStanding orders are ________
Standing orders are ________A. Credited in the cash book
B. Debited in the cash book
C. Entered in the bank statement
D. Entered in the petty cash balanceLiabilities are which of the following?
Liabilities are which of the following?
A. Resources
B. Obligations
C. Future benefits
D. ExpensesDouble entry implies that
Double entry implies that
A. Recording entries in journal
B. Recording entries in Ledger account
C. Recording two aspects of every transaction
D. Recording every transaction in booksRiaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.
Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.A. 2,40,000
B. 2,10,000
C. 2,00,000
D. 1,80,000If debit balance is greater than creadit balance then the account blance will be__________?
If debit balance is greater than creadit balance then the account blance will be__________?A. Credit balance
B. Debit and credit balance
C. Cash balance
D. Debit balance