- 4
- 5
- 6
- 7
- a
-
Cash Purchase
Credit Purchase
Purchase Return
Purchase Discount
- Business
- Transaction
- Liability
- None of the above
- b
-
There are two types of transactions which are:
Cash Transaction
Credit Transaction
- Sole Proprietorship
- Joint Stock Company
- Partnership
- All of the given options
- b
-
A joint stock company can sale or purchase shares to shareholders easily without hard rules. Shareholders can also transfer shares from one entity to other easily.
- Long term period
- All of the given options
- Short term period
- None of these
- c
-
Wages and Salaries are Liabilities of Organization / Company.
- Murphy Smith
- Henry Fayol
- Luca Pacioli
- F.W. Taylor
- c
-
Luca Pacioli published first book on Double Entry System in 1494.
- Loan
- Imprest System
- Barter System
- Credit System
- b
-
The Imprest is a professional term.
- 02
- 03
- 04
- 05
- a
-
Banks often use 2 types of interests, which are :
Simple Interest
Compound Interest
- 7
- 8
- 9
- 10
- a
-
Public Company is also called Limited Company.
There are minimum seven member sin Public Company and no limit for maximum members/ partners.
The audit of Public Limited Company is Compulsory.