Tests of Accounts

Assets-Liabilities=____________?

Debit note is the basis for recording a transaction in which of the following journals?

Retained earning is synonymous to:

General Journal is a book of _____ entries:

A _______________ policy covers  loss of  stock , fixed asset , profit  etc:-

The department accounting enable  a business firm to maximize:-

Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?

The word _____________ is working together  for common purpose:-

Return on investment is computed :-

An increase in provision for bad debt will____________?

Liquid or Quick assets =

Books keeping mainly concern  with  which part of the accounting  process:-

Net income equal to Revenues minus:

Bank reconciliation  statement is  the comparison  of a bank statement  with  the :-

Equity is  owner's claim on total assets:-

Trial balance list down the  balance of a account:-

The return on investment is also known as:-

Which city connects two continents:-

Accounting for Intangible Assets are related to–

The model which refer  possibility for management  to conduct analysis  can be categorized under:-

___concept tells that to recognize revenue it has to be realized.

Inventory turnover is calculated as under;-

Balance Sheet is always prepared:

The mathematical  relationship  exists  between operating  and financing  activities  that affect master budget are called :-

A machine price was $1,000 and was carried through a truck. The truck’s fares were $500. The engineers charged $500 for the installation. The cost of the machine is?