
TERM 1 FULL PORTION REVISION
Quiz
•
Other
•
11th Grade
•
Practice Problem
•
Easy
Lija Sudeep
Used 1+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not the advantage of accounting
Ascertaining financial position
Replaces memory
Ascertain the net result of the operation
none of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The complete sequence ,beginning from recording of the transactions and ending with the preparation of the final account is called ------
Accounting cycle
Accounting information
Financial Accounting
Human resource accounting
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
------- are the obligation that an enterprise has to pay at sometime in future
expenses
losses
liabilities
bad debts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following asset is known as Active assets?
tangible assets
intangible assets
current assets
non-current assets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the inventory which requires further processing to get it ready for sale ,such inventory is classified as----
inventory of raw material
inventoryof WIP
inventory of finished goods
inventory of stock in trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
profit and gain are same
true
false
i dont know
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
trade discount is given to encourage --------and cash discount is given to encourage -----
selling,early payment
purchasing,early payment
both the selling and purchasing
none of the above
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