Financial Accounting in Business Management : Practice MCQ Questions & Answers with Explanations

Branches are units physically segregated from the main office called

Trading account is

Capital investments for the branches are made by

Excess of minimum rent over actual royalty is termed as

Who denotes goods bought for sale

Branches are opened to increase

Which of the following are not current asset

Return of goods to supplier which are defective called

What is the two type of recouping of short working

The right may be enjoyed throughout the period of lease agreement is called

The amount set apart from profit for future is known as

Which one of these not shown on profit & loss a/c

Which one of these are not the function of account

Debit aspect is known as ------------------and Credit aspect is known as ----------------------------.

What is an example of fixed asset

Patent Rights account is a ------ account

If the goods are drawn by the proprietor for personal use, the amount should deduct from -------------------- and add to the

What is the major source of revenue of any business

Bad debt shown in adjustment is known as

Interest is charged on drawings made by the proprietor it is gain to the ----------------