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Principles of Accounting
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Principles of Accounting
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Principles of Accounting
A vacant position that arises because of the resignation of the director can only be filed in:
Annual general meeting
Board meeting
Board meeting but expired at the general meeting
Both a & b
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rikazzz
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Principles of Accounting
According to the traditional approach cost of capital affected by?
debt-equity mix
debt-capital mix
equity expenses mix
debt-interest mix
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rikazzz
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Principles of Accounting
Information about business transaction is obtained from original business papers
Accounting records
Owners’ equity
Accounting equation
Source documents
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rikazzz
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Principles of Accounting
Which of the following is not an advance given by a bank?
Loan
Overdraft
Deposit
Cash credit
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rikazzz
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Principles of Accounting
Number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate:
annual irrelevant ordering costs
annual relevant carrying costs
annual relevant ordering costs
annual irrelevant carrying costs
Author:
rikazzz
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Principles of Accounting
Arranging accounts in a general ledger, assigning account numbers, and keeping records current
Controlling account
General ledger
Subsidiary ledger
File maintenance
Author:
rikazzz
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Principles of Accounting
Sale of goods to Ram for Cash is a:
cash transaction
credit transaction
barter system
internal event
Author:
rikazzz
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Principles of Accounting
A customer buying on account would result in…
Debit to Accounts Payable
Debit to Accounts Receivable
Debit to Cash
Debit to Service Revenue
Author:
rikazzz
Comment
Principles of Accounting
Characteristic feature NOT found in a company is:
Legal entity
Common seal
Affected by insolvency of an individual member
Association of individual members
Author:
rikazzz
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Principles of Accounting
Transaction is:
Buying and Selling of goods
Affect financial position of business
Measured in terms of money
All of the Above
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rikazzz
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