» xpandify.net

Find and share spotify playlists

accrual principle

Q1 :Accrual accounting is based on this accrual principle/guideline :
1.Cost 2.full diclosure 3.Matching 4.Monetary Unit
.
Q2: the owner invesets personal cash in the basiness Cor equity :
1.Increase 2.Decrease 3.No effect...
4.Non of the above
.

Q3 : All of the following are importance of book-keeping Except:
1.facilitates planning 2.Decision-making 3.Controlling 4.facilitates Organizing

.
Q4 : Credit sales are recorded by debiting.............in the journal :
1.Accounting receivable 2.Accounting payable 3.purchases 4.Sales revenues

.
Q5 : Recording of transaction in account book is called :?
1.Entry 2.folio 3.ledger 4.posting

.
Q6 : Acommon type of Bill of Exchange is the :?
1.financil paper 2.contract 3.Cheque 4.Commercial paper

.
Q7 : the financial statement that reports ,Liabilities , and owner's equity is the :??
1.Income statement 2.Balance sheet 3.Owner's equity statement 4.statement of the cash flow .

.
Q8 :Assets are usually reported on the balance at wich amount ??
1.cash 2.Current Market Value 3.Expected selling price 4.future Market Value

.
Q9 : All of the following are Assets Except :
1.Cash 2.Building 3.Account recevable 4.Salaries Expense

.
Q10 : IF the total Assets is 55000JD , total liabilitics is 20000JD what balance of owners Equity ???

.
Q11 : the following are the important Accouring Conventions EXCEPT :??
1.Disclosure 2.Materiality 3.Consistency 4.Going concern