vu mgt101 Final Term - Quiz No.26
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 2: In which of the following interim dividend is treated?
In profit and Loss account
In profit and Loss appropriation account
On the asset side of the Balance Sheet
In trading account
Question 3: Which of the following expenses are called financial expenses?
Payment of rent & Salary expense
Markup on loan & Bank Charges
Interest & advertisement expense
Wages and Depreciation expense
Question 4: Which of the following is NOT a financial statement?
Balance sheet
Audit report
Income statement
Cash flow statement
Question 5: According to the double entry system of book keeping, the investment of Rs.10, 000 in the business made by the owner will effect:
Cash Account & Capital Account
Cash Account & Expense Account
Capital Account & Revenue Account
Capital Account & Expense Account
Question 6: The asset which have limited useful life are termed as:
Limited assets
Depreciation assets
Unlimited assets
None of the given option
Question 7: Which of the following represents the relationship between persons who have agreed to share the profit of business carried on by all or any of them acting for all?
Sole-ownership
Private limited company
Public limited company
Partnership
Question 8: Which of the following is quoted company?
Private Limited Company
Public Limited Company
Listed company
Non Listed Company
Question 10: The accounting system in which events are recorded as and when they occur
Diary Accounting
Cash Accounting
Accrual Accounting
Cash Accounting and Accrual Accounting
