A) Income statement B) Ledger C) Balance sheet D) Cash book
A) Cost of sales B) Goodwill C) Preference dividend D) Trade debtors
A) Current liability B) Current asset C) Long-term liability D) Intangible asset
A) Fixed assets B) Share capital C) Debtors D) Reserves
A) Assets and liabilities B) Debtors only C) Goods bought and sold D) Income and expenses
A) From top to bottom B) In T-shape C) In alphabetical order D) Side by side
A) Short-term funds B) Long-term funds C) Government taxes D) Daily transactions
A) Increase prices of goods B) Increase tax rates C) Reduce salaries D) Protect investors
A) NSE B) Central Bank C) SEC D) Ministry of Finance
A) Security Enforcement Centre B) Stock Exchange Commission C) Securities and Exchange Commission D) Savings and Economic Council
A) Cooking B) Distribution C) Surveillance D) Farming
A) Investigation and enforcement B) Buying shares C) Reducing salaries D) Hiring brokers
A) Manufacture currency B) Facilitate buying and selling of securities C) Prepare budgets D) Train teachers
A) Managers B) Traders C) Brokers D) Jobbers
A) By instalments B) Immediately C) Through donations D) After one year
A) Consignee B) Hirer C) Owner D) Consignor
A) Debtor B) Hirer C) Consignee D) Vendor
A) Cashbook B) Interest account C) Purchases journal D) Trial balance
A) Hirer B) Consignee C) Vendor D) Consignor
A) Trader B) Consignee C) Consignor D) Seller
A) Rent B) Salaries C) Bad debts D) Transport
A) Making losses B) Long-term business C) Only partnerships D) A short-term project
A) Partners share profits B) Joint control C) Temporary in nature D) Long-term relationship
A) Joint venture memorandum account B) Cashbook C) Sales day book D) Purchases journal
A) Lawyers B) Government workers C) Market makers who trade on their own behalf D) Farmers
A) Bank loans B) Agricultural commodities C) School supplies D) Automobiles
A) Salaries B) Money used to pay rent C) Bad debts D) Money kept for future use
A) Existing shareholders B) Creditors C) Government D) Customers
A) Goods are delivered B) Seller agrees C) Buyer signs the document D) Full payment is made
A) Consignor’s account B) Balance sheet C) Purchases account D) Consignee’s account |