Professional Documents
Culture Documents
Internet #4
Internet #4
d) None of these
a) Fixed asset
b) Current asset
c) Current liability
d) None of these
b) purchase a/c
d) None of these
d) None of these
a) Fictitious assets
b) Tangible assets
c) Intangible assets
d) Expenses
a) Purchases
b) Sales
c) Return outward
d) None of these
10. Statement prepared to know profit or loss and financial position of the business are called
a) Financial statement
b) Bank Reconciliation
c) Trial Balance
d) All of these
11. Account which shows gross profit or gross loss of the business is.
b) Balance sheet
c) Trial balance
d) Trading account
a) Direct expenses
b) Indirect expenses
c) Both of above
d) None of these
d) None of these
d) None of these
a) Trading Account
c) Balance Sheet
d) All of these
b) Trading account
a) Direct expenses
b) Indirect expenses
c) Indirect income
d) Direct income
a) Salary expenses
b) Insurance expense
c) Rent expense
d) All of these
a) General Income
b) Direct Income
c) Indirect Income
d) None of these
a) Assets
b) Capital
c) Liabilities
d) All
22. Properties, things and receivable having certain value owned by business are called
a) Assets
b) Liabilities
c) Goods
d) None of these
a) Intangible assets
b) Fictitious assets
c) Goodwill
d) Tangible Assets
a) Tangible assets
b) intangible assets
c) Contingent Liabilities
a) Current assets
b) Fixed assets
c) Intangible assets
d) Investment
c) Sale of stock
d) None of these
b) Balance Sheet
c) Trial Balance
d) Trading Account
b) Purchase Ledger
c) Nominal Ledger
d) General Ledger
a) an asset
b) a liability
c) an expense
d) an income
a) General expenses
b) Financial expenses
c) Selling Expenses
d) All of above
a) Land
b) Building
c) Cash
d) bank loan
a) Added in liabilities
d) None of these
a) Selling expenses
b) Financial expenses
c) General expenses
d) none of these
38. Which option given a review report on the form’s financial status at a specified date?
b) Balance sheet
a) Creditor
b) Cash
c) Building
d) Land
a) Current assets
b) Intangible assets
c) Fixed assets
d) All of these
a) an assets
b) a liability
c) an expenses
d) an income
42. The Manager is entitled to a commission of 10% on profit before deducted his commission.
The profit is 9000, therefore the commission will be
a) 1000
b) 900
c) 800
d) 1100
a) An asset
b) A liability
c) An expense
d) An Income
1) A
2) B
3) B
4) D
5) A
6) A
7) A
8) A
9) B
10) A
11) D
12) B
13) A
14) B
15) C
16) B
17) A
18) B
19) D
20) C
21) A
22) A
23) D
24) B
25) B
26) C
27) B
28) A
29) B
30) C
31) A
32) A
33) C
34) D
35) D
36) C
37) D
38) B
39) A
40) C
41) B
42) A
43) A
44) B