MGT0006 Group H

A business can rise funds through different methods they include.

• share capital, capital, tariffs, or state fundings.

• share capital, loan capital, internal or state funding. 

• Share dividends capital, internal or state funding.  

• Share capital, interest, internal or state funding.

what is management accounting. 

• help to plan and allocate resources for external purposes. 

• help to plan and allocate resources for internal purposes. 

• the process of managing the financial resources of an organization 

• the process of recording financial transactions for external purposes 

______the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business.

• Management accounting  

• Financial accounting  

• Financial reporting  

• External reporting  

_______ is a financial statement that makes a distinction between fixed and current assets

• Balance sheet  

• Financial position

• Working capital

• Tangible assets

The balance sheet adheres to the following formula.

• ASSETS=LIABILITIES + SHAREHOLDERS' EQUITY

• TOTAL ASSETS= ACCOUNTS PAYABLE

• CURRENT ASSETS =CASH +ACOUNT +RECIEVABLE+INVENTORY+OTHERCURRENT ASSETS.

• WORKING CAPITAL= CURRENT ASSETS – CURRENT LIABILITIES

The income statement focuses on the four key items - ………,  expenses, ……. , losses.

• Revenue, gains 

• Net profit , Return on capital employed

• Net profit , Gross margin 

• Income,benefits 

Identity the following types of financial report :

• Balance sheet 

• Income statement 

• Cash-flow

• All of the above 

What is the formula of debt to equity ratio 

• Total Shareholder equity/ Total liability 

• Total liability\ Total Shareholder equity 

• Net income/ Net sales

• Profit/loss

……….. is for the use of the government 

• Economic activity 

• Accounting information 

• Accounting 

• tax accounting 

Which of the following is NOT an essential component of the balance sheet?

• Assets

• Liabilities

• Equity

• Revenue