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Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Which one of the following accounts would usually have a debit balance?
A. Cash.
B. Salaries.
C. Creditors.
D. Debtors.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Real accounts are related to
A. Expenses and incomes.
B. Assets.
C. Customers and Creditors etc.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The payment of rent each month for office space would
A. Decrease total assets.
B. Increase liabilities.
C. Increase owner’s equity.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
An owner investment of each into the business would
A. Increase assets.
B. Decrease liabilities.
C. Increase withdrawals.
D. Decrease owner’s equity.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
A cash purchase of supplies would
A. Decrease owner’s equity.
B. Increase liabilities.
C. Have no effect on total assets.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
All of the following are forms of organizations except
A. Corporation.
B. Partnership.
C. Properitorship.
D. Retailer.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The investment of personal assets by the owner
A. Decreases liabilities.
B. Increases expenses.
C. Has no effect on assets but increases owner’s equity.
D. Increases total assets and increases owner’s equity.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The business form(s) in which the owner(s) is (are) personally liable is (are) the
A. Limited liability company.
B. Soleproprietor .
C. Partnership.
D. Both B &C.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Users of accounting information includes
A. Tax department.
B. Shareholders.
C. Creditors.
D. All of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Under the diminishing balance method, depreciation amount is
A. Deficit.
B. Surplus.
C. Reciept.
D. Expenditure.
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MANAGEMENT SCIENCES
Financial Accounting
Cost & Management Accounting
Management
Public Administration
Corporate Finance
Financial Management
Taxation Management
Marketing
Human Resource Management
Operations & Production Management
Audit & Assurance
Public Finance
Investments & Portfolio Management
Ethical & Professional Standards & Responsibilities
Strategic Management
Business Administration
Entrepreneurship
Governance & Public Policies
