Showing purchased office equipments in financial statements is the application of which accounting concept?
Select an option to see the answer and solution.
Commerce · all questionsMiscellaneous in Commerce
Miscellaneous in Commerce
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
482
Questions
3/25
Page
Pick an option on a question to see the right answer and solution.
Which three of the following types of cyber attacks may occur in the process of mobile banking?
1. Backdoor attack
2. Front door attack
3. Denial of service attack
4. Direct access attack
Choose the correct option from those given below :
1. Backdoor attack
2. Front door attack
3. Denial of service attack
4. Direct access attack
Choose the correct option from those given below :
Select an option to see the answer and solution.
The institution set up for general supervision and control of capital market is:
Select an option to see the answer and solution.
If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:
Select an option to see the answer and solution.
Which of the following statements are true?
1. Pay-back period method considers all cash flows of a project
2. Pay-back period method concerns more with the recovery of cost than profitability
3. Net Present Value represents net addition to the wealth of shareholders
4. Accounting Rate of Return method incorporates risk as well as time value of money
Choose the correct option from those below:
1. Pay-back period method considers all cash flows of a project
2. Pay-back period method concerns more with the recovery of cost than profitability
3. Net Present Value represents net addition to the wealth of shareholders
4. Accounting Rate of Return method incorporates risk as well as time value of money
Choose the correct option from those below:
Select an option to see the answer and solution.
All direct & indirect expenses related to business are charged:
Select an option to see the answer and solution.
Indexing is an important:
Select an option to see the answer and solution.
Financial account record only:
Select an option to see the answer and solution.
Custom and traditions which guide the accountant while preparing the accounting statements:
Select an option to see the answer and solution.
Which of the following is not a part of the basic function of Office Management?
Select an option to see the answer and solution.
A business has the following items in it:
Land Rs. 1,500,000
Machinery Rs. 80,000
Cash Rs. 20,000
Owners equity Rs. 900,000
Loan Rs. 500,000
Creditors?
Land Rs. 1,500,000
Machinery Rs. 80,000
Cash Rs. 20,000
Owners equity Rs. 900,000
Loan Rs. 500,000
Creditors?
Select an option to see the answer and solution.
Accounting principles are generally based upon:
Select an option to see the answer and solution.
The cash discount allowed to a debtor should be credited to:
Select an option to see the answer and solution.
Which one of the following items would fall under the definition of a liability?
Select an option to see the answer and solution.
Which of the following is not related with Money Measurement Concept?
Select an option to see the answer and solution.
Content of income statement
Select an option to see the answer and solution.
Which of the following is not a part of Production Cost Budget?
Select an option to see the answer and solution.
Which of the following sanctions foreign exchange for import of goods:
Select an option to see the answer and solution.
The business combination which engages in the manufacture of different kinds of products of allied nature is called:
Select an option to see the answer and solution.
Match List-I with List-II and select the correct answer:
| List I | List II |
| a. Rival firms | 1. External Environment |
| b. Technology | 2. Social and cultural environment |
| c. Improving quality | 3. Internal environment |
| d. Ethics business | 4. Global environment |
Select an option to see the answer and solution.