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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.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Which one of the following account normally have a credit balance?
A. Cash account.
B. Creditors account.
C. salaries account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A liability in the amount of Rs. 500/- is paid in cash which of the fallowing is true
A. Asset decreased liability increased.
B. Asset decreased liability decreased.
C. Asset increase liability decreased.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
The valuation of closing stock is at
A. Market price or cost whichever is lower.
B. Market price.
C. Cost price.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Preliminary expenses are
A. Deferred cost.
B. Prepaid expenses.
C. Ficticous assets.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A prospectus for share can be issued only by
A. A private company.
B. A public company.
C. Semi Government.
D. Autonomous bodies.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
In the event of dissolution of a partnership firm the provision for doubtful debts is transferred to
A. Liquidation account.
B. Suspense account.
C. Realization account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Rent paid to the land lord should be credited to
A. Cash account.
B. Rent account.
C. Landlord account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Accounting principles are generally based on the principle of
A. Subjectivity.
B. Ease of recording.
C. Practibility.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Quick assets include which of the following?
A. Cash.
B. Debtors.
C. Inventories.
D. A & B.
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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
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