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