A. a balance sheet B. a budget C. an income and expenditure account D. a cash book Correct Answer: Option…
A. office expenses B. salaries and allowances C. carriage inwards D. discounts allowed Correct Answer: Option B B. salaries and…
A. an asset B. a liability C. a deficit D. a surplus Correct Answer: Option B B. a liability Explanation…
A. goods purchased on credit and subsequently returned to suppliers B. fixed asset bought on credit and subsequently returned to…
A. business entity B. materiality C. dual aspect D. realization Correct Answer: Option B B. materiality Explanation The materiality principle…
A. an optical character reader B. a graph plotter C. a visual display unit D. a printer Correct Answer: Option…
A. programs B. fund C. activity D. project Correct Answer: Option B B. fund
A. profit B. discount C. goodwill D. reserve Correct Answer: Option C C. goodwill Explanation Goodwill is an intangible asset…
A. stock turnover B. creditor's payment period C. debtors collection period D. return on capital employed Correct Answer: Option B…
A. premium B. discount C. face value D. cumulative value Correct Answer: Option B B. discount Explanation Issue of Shares…