Most Important & Most Repeated MCQs

  • Compiler is a language providing very efficient execution.
  • A Compiler is a conversion line by line as the program is run.
  • A compiler is a special program that processes statements written in a particular programming language and terns them into matching language.
  • None of these
  • c
  • Economic Value
  • Net Present Value
  • Book Value
  • Social Value
  • b
  • The difference between cash inflows and cash outflows within a specific time period is called NPV.
    NPV stands for Net Present Value

  • Generally Accepted Accounting Principle
  • Generally Adopted Accounting Principle
  • Generally Actual Accounting Paper
  • All of the Above
  • a
  • GAAP is a collection of accounting rules and standards for financial reporting.

  • Limited Partnership
  • General Partnership
  • Sole Proprietorship
  • Corporation
  • c
  • In our routine life, Everyone is running a shop / business is called Sole Proprietorship.
    OR
    Sole Proprietorship is a simple form of business that have not documental registered entity.

  • Original
  • Final
  • Generic
  • First
  • a
  • In general Journal, The accountant notes all transaction on daily basis.

  • Double Accounting System
  • Double Entry System
  • Single Entry System
  • None of the above
  • b
  • Double Entry System is a such accounting system in which Debit and Credit sides must be maintained according to transaction.