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