Most Important & Most Repeated MCQs

  • General partnership
  • Sole proprietorship
  • Limited partnership
  • Corporation
  • a
  • Two people start a Shop / Store. Both Partners must be involved in business activities, it is called General Partnership.

  • Sole proprietorship
  • Joint stock company
  • Co-operative society
  • Partnership
  • c
  • Cooperative Society is basically a voluntary association.

  • Owner’s Equity Statement
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • b
  • Balanced Sheet is prepared on the end of an accounting period.

  • Operating Leverage
  • Manufacturing Leverage
  • Financial Leverage
  • None of these
  • c
  • Financial Leverage is an investment strategy that is implemented on borrowed money.