Financial Services 804 General Revision 2

Premises are classified as :

• Assets

• Liabilities

• Revenues

• Expenses

Commission income is classified as :

• Assets

• Liabilities

• Revenues

• Expenses

Which of the followings has a normal balance in the debit side?

• Loan

• Account payable

• Fee earned

• Drawings

The balance of cash ledger account (T-account) is :

• BD 1000 in the debit side

• BD 1000 in the credit side

• BD 1590 in the debit side

• BD 590 in the credit side

All of the following are cash inflows EXCEPT :

• Taking a loan

• Collecting Account receivable

• Investment of cash

• Salary expense

Ahmed Company has a total cash inflows of BD30000 and a total cash outflows of BD 16000 the the net cash flow is equal to :

• BD 14000

• BD 45000

• BD 15000

• BD 30000

The closing balance in February in the following cash flow statement is :

• BD 4500

• BD 8900

• BD 100

• BD 4400

The capital is equal to :

• BD 27000

• BD 14000

• BD 41000

• BD 6000

Office furniture is classified as:

• Asset

• Liability

• Revenue

• Expense

Sales are classified as :

• Assets

• Liabilities

• Revenues

• Expenses