Finance Accounting Quiz


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Finance Accounting

Finance Accounting Quiz

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All listed and traded securities are valued at:-

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Tenor is the period of time   _______ which  a bill  becomes payable ;-

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Assets which provide benefit for more than one year are called;-

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The rule  debit   all expenses  and   losses and  credit  all income  and gains relates to :

5 / 25

Retained earning are cheaper than External Equity:-

6 / 25

Ageing schedule incorporates the relationship between:-

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The balance of  royalty's  receivable  account is transferred  to ;-

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Firm's cost of Capital is the average cost of:-

9 / 25

An ordinary   partnership  business can have  not more than 20  partners ;-

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Marginal cost of capital is the cost of:-

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Which is an example of  deferred revenue account:-

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Capital  fund  is  calculated  :-

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_________________ refers to the price at which an asset can be traded in the market:-

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The  profit  included   in surplus   of  stock   is transferred   to  _______ account ;-

15 / 25

Business in which goods are purchased for resale is called:-

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Cash a/c is  a ;-

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______  is  the  first  phase of accounting  cycle ;-

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Contingent liability shown in the balance sheet , arises:-

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Which accounts  with normal  balance  is shown at the credit   side  of  a trial  balance ;-

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Assets which provide benefit for one year  or less than one year  are called :-

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Royalties are connected with the following type of business:-

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Which is not an income:-

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Which method of valuation of goodwill :-

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Rent  is   a  personal  account ;-

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Which is a risk factor in capital budgeting:-

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