vu mgt101 Final Term - Quiz No.25
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: Which of the following is/are the item/s of a Control Account?
Credit sale only
Cash sale only
Credit purchase only
Both Credit sales and Credit purchase
Question 2: The maximum amount with which the company is registered is called:
Authorized Share Capital
Issued Share Capital
Paid up capital
Called up capital
Question 3: In statement of cash flows, all of the following items are considered as financing activity, except:
Cash received from issuance of shares
Cash received from issuance of bonds
Payment made for short term debts
Collections on loans
Question 5: Which of the following particular is NOT included in the specimen of a Journal Voucher?
Name of organization
Bank receipt
Debit amount
Credit amount
Question 7: Which of the following items appears in Trading account of business?
Interest expenses
Wages and salaries
Depreciation expenses
Discount allowed
Question 8: Bank book is a part of :
Voucher
General journal
General ledger
trail balance
Question 9: Which of the following statement in NOT TRUE about the limited company form of business?
The limited company form of business allows ownership of the business to be spread amongst many people
Shareholders can appoint professionals
Shareholders are personally liable for all the liabilities incurred by the business
Regular filing of information about the affairs of the company is a legal requirement
