Financial Accounting

Q1. DEBTS INVESTMENTS CAN BE SUBSEQUENTLY MEASURED AT:

Q2. Provisions are shown in the balance sheet as deduction on the ___ side

Q3. Wages and salaries will be recorded in

Q4. Can charge interest, late fees, and/or annual fees.

Q5. What is the objective of the accruals basis of accounting?

Q6. Recording of a business transaction in the proper form or method in the books of accounts

Q7. By forming an S corporation, you can

Q8. Which of the following items are not included in a cash budget?

Q9. Luisa Perez had a balance of $541.82 in her checking account on January 7. On January 10 she wrote a check to Marty’s Hair Salon for $27.19. What is her new balance?

Q10. Regina wants to buy lunch for her friendsbutdoesn’thaveanycash,and the restaurant will not take a check. Choose more than one answer.

Q11. Also known as the "Long-term Assets"

Q12. What is the word for ’The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated’?

Q13. A check written that may not have sufficient funds in an account but is considered "safe" as funds will be in the account before the check is de- posited.

Q14. The law of demand states that as the price increases then

Q15. Financial statement are prepared to know :-

Q16. It is time to produce the month end bank reconciliation. Which TWO of these reports would be most useful

Q17. Deficit means

Q18. According to the Business Entity Concept

Q19. Click and drag the picture above for clearer question. PLEASE READ AND UNDERSTAND THE QUESTION.

Q20. Profit earned or loss incurred by the y business can be calculated by preparing

Q21. Amrita fashions Kalka (Haryana) Purchase goods from Modern Fashion Ambala (Haryana) for cash of RS. 5, 00, 000 and Paid GST @12%. The journal entry in the books of Modern fashion

Q22. My husband works at Mellon Group as a His main duties include man- aging the company’s financial plans.

Q23. Which ONE of the following statements correctly describe show International Financial Reporting Standards (IFRSs) should be used?

Q24. When can wages that were paid, be recorded as a capital expenditure?

Q25. perfect mobility of resources possible

Financial Accounting - part 2

Q1. DEBTS INVESTMENTS CAN BE SUBSEQUENTLY MEASURED AT:

Q2. Provisions are shown in the balance sheet as deduction on the ___ side

Q3. Wages and salaries will be recorded in

Q4. Can charge interest, late fees, and/or annual fees.

Q5. What is the objective of the accruals basis of accounting?

Q6. Recording of a business transaction in the proper form or method in the books of accounts

Q7. By forming an S corporation, you can

Q8. Which of the following items are not included in a cash budget?

Q9. Luisa Perez had a balance of $541.82 in her checking account on January 7. On January 10 she wrote a check to Marty’s Hair Salon for $27.19. What is her new balance?

Q10. Regina wants to buy lunch for her friendsbutdoesn’thaveanycash,and the restaurant will not take a check. Choose more than one answer.

Q11. Also known as the "Long-term Assets"

Q12. What is the word for ’The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated’?

Q13. A check written that may not have sufficient funds in an account but is considered "safe" as funds will be in the account before the check is de- posited.

Q14. The law of demand states that as the price increases then

Q15. Financial statement are prepared to know :-

Q16. It is time to produce the month end bank reconciliation. Which TWO of these reports would be most useful

Q17. Deficit means

Q18. According to the Business Entity Concept

Q19. Click and drag the picture above for clearer question. PLEASE READ AND UNDERSTAND THE QUESTION.

Q20. Profit earned or loss incurred by the y business can be calculated by preparing

Q21. Amrita fashions Kalka (Haryana) Purchase goods from Modern Fashion Ambala (Haryana) for cash of RS. 5, 00, 000 and Paid GST @12%. The journal entry in the books of Modern fashion

Q22. My husband works at Mellon Group as a His main duties include man- aging the company’s financial plans.

Q23. Which ONE of the following statements correctly describe show International Financial Reporting Standards (IFRSs) should be used?

Q24. When can wages that were paid, be recorded as a capital expenditure?

Q25. perfect mobility of resources possible