Advance Accounting and Auditing

Sales account

Mustafa account

Sales account and Mustafa account

None of these

Any location or department which incurs cost

A location which responsible for controlling

Part of the factory overhead system

None of these

Something with a ready market value

An economic resource,owned by a business

The amount of the owner’s investment in a business

None of these

A budget for single level of activity

A budget which ignored inflation

Used only for fixed cost

An overhead cost budget

Donation for charitable purpose

Investment in shares

Mark-up on housing finance

Contribution to employees children education fund

Debt ratio

Equity Ratio

Times interest earned

None of these

Client

Accountant

Auditor

Registrar of companies

Statement of cash flows

Income statement

Balance sheet

Statement of owner’s equity

An expense

An income

An liability

an asset

Face Value

Current Cash Value

Cash

Estimated future sales value