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Time 53
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Quiz Start Time: 08:12 PM
Which of the following can offer its share to general public at large?
Partnership firm
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http://vujannat.ning.com/
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Product Cost
Deferred Expenses
Direct Cost
Time 7
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http://vujannat.ning.com/
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http://vujannat.ning.com/
Best Website To Help VU Students
Time 53
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Time 43
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http://vujannat.ning.com/
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Listed company
Time 60
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http://vujannat.ning.com/
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Time 31
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If cost of sales is Rs. 60,000, income from sales is Rs. 95,000 and operating expenses Rs. 25,000.
Calculate net profit.
Rs. 10,000
Rs. 35,000
Rs. 55,000
Rs. 60,000
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Issued capital
Paid up capital
Called up capital
Time 55
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Which of the following account summarizes the profitability of business for a specific accounting
period?
Balance Sheet
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Time 20
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http://vustudents.ning.com/
Which of the following is(are) TRUE about the sole trader form of business?
Sole traders must register the name of their business with the Registrar of Companies
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http://vujannat.ning.com/
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Book value
Time 45
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Assets are normally listed on the balance sheet in the order of: http://vustudents.ning.com/
Purchase date
Maturity
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Liquidity
Cost of asset
Franchise rights, goodwill and patents are the examples of: http://vustudents.ning.com/
Liquid assets
Tangible assets
Intangible assets
Current assets
Time 63
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http://vujannat.ning.com/
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while preparing the cash flow statement, the repayment of a loan during the year should be included
under which of the following heading?
Operating activities
Financing activities
Investing activities
Time 38
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Find out the missing value of an Accounting Equation with the help of given data: Owner’s equity Rs.
22,500 Total Liabilities Rs. 80, 385 Cash Rs. 1,000 Bank Rs. 2,000 Debtors Rs. 500
http://vustudents.ning.com/
http://vujannat.ning.com/
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Time 69
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Treated as a reserve
Treated as a surplus
Treated as an expense
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Revenue Expense
Capital Expense
Administrative Expense
Operating Expense
Scrap value
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Residual value
Market value
Depreciable value
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In case of Income and Expenditure account, Excess of income over expenses in a specified accounting
period is called:
Profit
Loss
Surplus
Deficit
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Find out the missing value of an Accounting Equation with the help of given data: Cash Rs. 22,500
Debtors Rs. 500 Total Assets Rs. 80, 385 Accounts payable Rs. 1,000 Total liabilities Rs. 20,000
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http://vujannat.ning.com/
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