INTRODUCTION TO ACCOUNTING

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

PREPARED BY BOBAN M J ( HSST Jr COMMERCE, ST.THOMAS HSS THIROOR - THRISSUR)

1. The process of accounting starts with -------- the transactions

1 point

Classifying

Recording

Identifying

Summarizing

Clear selection

2. --------- requires that the accounting information must have timeliness,dedicative,and feedback.

1 point

Understandability

Relevance

Reliability

Comparability

Clear selection

3. --------- assets do not have real value, so they are written off in the future.

1 point

Tangible assets

Wasting assets

Fictitious assets

Intangible assets

Clear selection

4.Value of bills discounted is an example of --------

1 point

Fixed liabilities

Current liabilities

Contingent liabilities

None of these

Clear selection

5. Increase in the net worth of the enterprise either from business activities or other activities is termed as --------

1 point

Profit

Gain

Income

Loss

Clear selection

6. Pick out the wrong pair

1 point

Machinery, cash

Debtors, stock

Salary, interest

Goodwill, patent

Clear selection

7. Mr.Varun is a furniture dealer. His closing stock of furniture is Rs 450000.It is considered as --------asset

1 point

Fixed asset

Current asset

Intangible asset

None of these

Clear selection

8. Huge advertisement expense is an example of ------

1 point

Capital expenditure

Revenue expenditure

Deferred revenue expenditure

None of these

Clear selection

9. Find the odd one out

1 point

Management

Creditors

Bank

Government

Clear selection

10. -------- is the branch of accounting,which deals with cost of production & its various consituents.

1 point

Book keeping

Financial accounting

Management accounting

Cost accounting

Clear selection

Clear form

Never submit passwords through Google Forms.

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms