vu mgt101 Lecture No.01 - Quiz No.1
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 Lecture No.01. 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: Small and medium size business activities are performed under
Partnership
Sole Proprietorship
Joint Stock Company
cash transaction
Question 2: __________ has the following features, Legal Entity, Profit and Loss Distribution, Unlimited Liability
Partnership
Sole Proprietorship
Joint Stock Company
cash transaction
Question 3: if the payment is delayed to a future date, the transaction is termed as a
Barter trading
Barter Transaction
cash transaction
credit transaction
Question 4: A joint stock company is a __________ association of persons created by law.
Profit Distribution
Loss distribution
Both of above
voluntary
Question 5: Trading one commodity or service for another commodity or service is called
Barter trading
Barter Transaction
cash transaction
credit transaction
Question 6: The features of sole proprietorship are
Easy Formation
Unlimited Liability
Ownership
All of the given
Question 7: According to D.W.T. Stafford, ?It is the simplest form of business organization
Partnership
Sole Proprietorship
Joint Stock Company
cash transaction
Question 8: Every transaction where goods are exchanged for goods is called a
Barter trading
Barter Transaction
cash transaction
credit transaction
Question 9: __________ has the following feature. Creation of Law, Separate Legal Entity,Number of Members
Partnership
Sole Proprietorship
Joint Stock Company
cash transaction
Question 10: __________ is the maintenance of daily record of All financial transactions
Financial Accounting
Transactions
Budget
Costing
