financial accounting

financial accounting

University

20 Qs

quiz-placeholder

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financial accounting

financial accounting

Assessment

Quiz

Arts

University

Hard

Created by

Bharathi Varratharajhan

Used 51+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

dividend paid is

charge to profit

allocation of profit

both a and b

none of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

marshalling of balance sheet means

the order of assets and liabilities

totalling and arranging of assets and liabilities

finding balance in balance sheet

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the balance sheet discloses the financial position of a business

for a given period

at a specific point of time

on a certain fixed date

all of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the unfavourable balance of profit and loss account should be

subtracted from liabilities

subtracted from capital

subtracted from current assets

added in liabilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

recording of transactions and events as and when they occur and classifying them into suitable account heading is the subject matter of

financial accounting

cost accounting

management accounting

book keeping

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

book keeping is mainly concerned with the recording of financial data relating to the-------- in significant and orderly manner

business

personal

company

monetary

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

unearned income a/c is

asset

liability

expense

accrued income

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