Finance Accounting

Finance Accounting Quiz

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Finance Accounting

Finance Accounting Quiz

1 / 25

FirstĀ  step inĀ  accountingĀ  process isĀ  Ā identification of businessĀ  transactionĀ  andĀ  events :-

2 / 25

MatchingĀ  conceptĀ  meansĀ  expensesĀ  should be matched withĀ  the revenueĀ  Ā of the period.:-

3 / 25

___________ involves merges and acquisition of firm belonging to the different countries of the world:-

4 / 25

If the Money Discount Rate is 19% and inflation Rate is 12%, then the Real Discount Rate is:-

5 / 25

A receipt and payment account record only non cashĀ  items;-

6 / 25

Which does not effect cash flows Proposal:-

7 / 25

Minimum rate of return that a firm must earn in order to satisfy its investor, is also known as:-

8 / 25

Sales of old newspapers is:-

9 / 25

Any exchange of moneyĀ  between two parties is called:-

10 / 25

Which method of valuation of goodwill :-

11 / 25

Cost of capital may be defined as:-

12 / 25

In job order costing system , each jobĀ  is assignedĀ  a job cost ;-

13 / 25

The ruleĀ  debitĀ  Ā all expensesĀ  andĀ  Ā losses andĀ  creditĀ  all incomeĀ  and gains relates to :

14 / 25

CapitalĀ  of the partnersĀ  areĀ  maintained by:-

15 / 25

In case of Indivisible projects which one may not give the optimum results:-

16 / 25

At the time ofĀ  dissolutionĀ  non cashĀ  assetsĀ  Ā are transferredĀ  to realizationĀ  a/c;-

17 / 25

WhichĀ  isĀ  notĀ  aĀ  nominalĀ  account ;-

18 / 25

All listed and traded securities are valued at:-

19 / 25

At the time of admission ofĀ  a newĀ  partner, generalĀ  reserve isĀ  Ā credited to capital ofĀ  old partners ;-

20 / 25

AccountingĀ  is a language of ;-

21 / 25

Loss on realization isĀ  ;-

22 / 25

Royalty is a revenue expenditure to lessor :-

23 / 25

Which assumption says a business entity will not be sold in the near future:-

24 / 25

In compoundĀ  entry ;-

25 / 25

Relationship between change in sale and change m is measured by;-

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