- Sales returns
- Credit purchases
- Credit sales
- Cash purchases
- b
All Departments Solved Papers
All Department’s Current & Past Solved Papers are included in this section of ETEST Academy’s Website. All MCQs of All Departments are included in this section with complete detail. Our team updates this website on daily basis.
Assembly language started to be used from:
- First generation computers
- Second generation computers
- Third generation computers
- Fourth generation computers
- b
-
Assembly language is a low level programming language i.e. DOS operating system.
Which of the following is the most powerful computers?
- Mini Computers
- Super Computers
- Micro Computers
- Mainframe Computer
- b
The main electronic component used in first generation computers was:
- Vacuum Tubes and Valves
- Integrated Circuits
- Transistors
- None of above
- a
-
First Generation Computer was invented between 1946-1959.
Which of the following principle deals with the valuation and recording of asset at cost?
- Matching principle
- Cost principle
- Entity principle
- Dollar currency principle
- b
Which of the following options indicate how quickly accounts receivables are converted into cash?
- Days to collect accounts receivable
- Accounts receivable turnover
- Working capital turnover
- Total assets turnover
- b
Any expenditure incurred to increase the profit earning capacity of the concern is a Revenue expenditure.
- Deferred revenue expenditure
- Capital expenditure
- Both A & B
- None of these
- b
Economic resources of a business that are expected to be of benefit in the future are referred to as:
- Owner’s equity
- Assets
- Withdrawals
- Liabilities
- b
The process of recording the economic effects of business transactions in a book of:
- original entry is known as which of the following
- Journalizing
- Double entry system
- Debit
- b
Current ratio is:
- Profitability ratio
- Long term solvency ratio
- Short term solvency ratio
- Turnover ratio
- c