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