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Diginy Dash
MANAGEMENT SCIENCES
-
Financial Accounting
Double Entry Book Keeping was fathered by
A. Yoyji Ijiri.
B. Luca Paioli.
C. Yoyji Ijiri.
D. Yugene Fama.
Diginy Dash
MANAGEMENT SCIENCES
-
Financial Accounting
In balance sheet accumulated loss of company shown as
A. an asset.
B. a liability.
C. an expense.
D. a revenue.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Public Finance
Pakistan follows the following budgeting system at Federal level
A. Procedural budgeting.
B. Cost benefit budgeting.
C. Incremental / decremental budgeting.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
An advantages of the partnership form of business organization is its
A. Mutual agency.
B. Ease of formation.
C. Liquidity.
D. Solvency.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
When a small stock dividend is declared which of the fallowing accounts is credited
A. Accumulated profit.
B. Dividend account.
C. Common stock dividend distributable.
D. Common stock.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Management
Quick Asset includes which of the fallowing
A. Cash.
B. Marketable securities.
C. Debtors.
D. A & B above.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Total manufacturing cost for a period includes all of the fallowing except
A. Total material cost.
B. Total labour cost.
C. Total overhead cost.
D. Cost of finished goods.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Which of the fallowing accounts would not be included in the computation of the cost of goods sold
A. Purchases.
B. Freight in.
C. Purchase discount lost.
D. Purchase discount.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
When purchase merchandise is returned under a perpetual inventory system a credit would be made to
A. Purchases.
B. Purchase return.
C. Carriage in.
D. Stock.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A company collected one year’s rent in advance on October 1st ,2022 the entries Rs 1200 was credited to unearned revenue account the adjusting entry at the December 31,2022 year ended would include
A. A debit to rent earned for Rs 600.
B. A credit to unearned revenue for Rs 300.
C. A debit to unearned revenue for Rs 600.
D. A debit to unearned revenue for Rs 300.
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MANAGEMENT SCIENCES
Financial Accounting
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