vu mgt101 Final Term - Quiz No.21
vu mgt101 Financial Accounting Quiz
This quiz belongs to book/course code vu mgt101 Financial Accounting of vu organization. We have 99 quizzes available related to the book/course Financial Accounting. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Cash book is a part of
Voucher
general ledger
general journal
Trail balance
Question 2: __________ is another important aspect of business planning
budgeting
management
account system
all of these
Question 4: Which of the following statement is the detail of transaction in one's account provided by the bank
Bank statement
Bank reconciliation statement
Income statement
Financial Statement
Question 5: Which subsidiary ledger contains the personal accounts of suppliers?
Sales Ledger
Purchase LEdger
Return invoice
All of these
Question 6: the cost of goods sold statement, the sum of labor cost and the factory over head is known as:
Cost of goods manufactured
Prime cost
Total factory cost
Conversion cost
Question 7: A company is said to have been registered when:
It filed with the Registrar of Companies articles certain documents, like memorandum and articles of association
It gets certificate of incorporation from registrar of Companies
It gets certificate of commencement of business from registrar of Companies
It actually starts its business
Question 8: Accountancy covers which of the following area(s):
Book-keeping
Accounting
Auditing
All of the given options
Question 9: Cost incurred for the maintenance of the shop is considered as
Deferred expense
Capital expenses
Revenue expenses
Preliminary expenses
Question 10: Which of the following is NOT a cash inflow?
Sale of fixed asset
Issue of debentures
Cash from business operation
Purchase of fixed asset
