- Sales returns
- Credit purchases
- Credit sales
- Cash purchases
- b
All Testing Services Solved Papers
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