Finance Accounting Quiz


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Finance Accounting

Finance Accounting Quiz

1 / 25

Royalty  is  an __________ to lessee;-

2 / 25

In profit  and loss  account  , if  credit   is  more  than  the debit,  the difference is ;-

3 / 25

When the  lessor  receives payment  the credits ;-

4 / 25

Return on investment may be improved by:-

5 / 25

Another  name of  journal is ;-

6 / 25

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

7 / 25

Small  items  like  ,  pencils  pens  are written  off  within  a year   according  to  _________ concept  ;-

8 / 25

5Cs of the credit does not include;-

9 / 25

A cost  whose magnitude  will be affected by decision  being   made is called;-

10 / 25

At indifference level of EBIT, different capital have:-

11 / 25

At the  time of  admission of  a new  partners the firm is ;-

12 / 25

Accounting  is a  service  function ;-

13 / 25

Life membership  fee received  by a club is :-

14 / 25

The balance of  branch adjustment  account is transferred   to _______ account :-

15 / 25

A business which provide services to the  customer is  called ;-

16 / 25

The system  by which companies  are managed and controlled  is known as ;-

17 / 25

The term capital structure denotes:-

18 / 25

ABC analysis is used for analyzing the inventories:-

19 / 25

Which account principle requires that a company  record its expenses when the are incurred, regardless of when the payment is made:-

20 / 25

All items of revenue in nature are shown in;-

21 / 25

Material  are charged   to  production at actual  cost  under ;-

22 / 25

Depreciation is a loss due to wear and tear of an assets;-

23 / 25

Book keeping is made to maintain record of a:-

24 / 25

If the average balance of debtors has increased , which might not show a change in general:-

25 / 25

Having some overall  goal in mind  ,  financial   management  is concerned  with  :-

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