Q1. Telephone is under which Trial Balance
Q3. Click and drag the picture above for clearer question. PLEASE READ AND UNDERSTAND THE QUES- TION.
Q4. The presents a summary of the revenues and expenses of an entity for n a specific period of time, such as a month or a year.
Q5. The term Book Keeping and Accounting can use interchangeably.
Q6. How do ethical employees treat other people?
Q7. What is the nominal code of Rent income?
Q8. To think good about the future of the company means
Q9. If one aspect of a transaction is not recorded, which accounting concept is not followed?
Q10. An ___ is a person authorized to re view and verify the accuracy of finan cial records.
Q11. Reserves created out of profit to meet unforseen contingencies is called
Q12. If the claim is equal to workmen compensation reserve: journal entry will be:
Q13. Accrual basis of accounting
Q14. Which one of the following states that the life of a business can be divided into equal time periods?
Q15. In environmental analysis, what factor study about the income of the people, target market, inflation, recession, prosperity, demand and supply of the market.
Q16. Which of the following is an expense
Q17. Provision for Depreciation is always credited- why
Q18. Skills, talents, education, and abilities human workers bring to a marketplace is
Q20. Which two of the statements below describe how the ICAEW has approached the development of the code of ethics for its members?
Q21. The dating terms that the SSL Company negotiated with a vendor are 3/10, n/30 on a purchase order made August 18. Calculate the discounted amount SSL would we for an order of $386.69 if it pays by August 25.
Q22. Withdrawal of cash from business by the proprietor should be credited to
Q23. State the need for treatment of goodwill on the admission of a partner
Q24. Prepaid Expenses are
Q25. Irvin Raymond received a bank statement showing the following amounts. What is his present balance?Previous Balance $453.21 Deposits $449.00 Checks $456.01 Service Charge $2.34 Interest $2.98 Present Balance ???