- 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.
2019
All Solved Past Papers 2019 are included in this section of ETEST Academy’s Website. All Solved MCQs of 2019 of All Departments. All Posts and All Testing Services are also included in this section.
Which one of the following is not a form of business organization?
- Sole proprietorship
- Joint stock company
- Co-operative society
- Partnership
- c
-
Cooperative Society is basically a voluntary association.
Which of the following statement shows assets, liabilities and net worth as on a specific date?
- Owner’s Equity Statement
- Balance Sheet
- Income Statement
- Cash Flow Statement
- b
-
Balanced Sheet is prepared on the end of an accounting period.
Which of the following term refers to the use of debt financing?
- Operating Leverage
- Manufacturing Leverage
- Financial Leverage
- None of these
- c
-
Financial Leverage is an investment strategy that is implemented on borrowed money.
Sales Rs. 25000 Variable cost Rs. 8000 Fixed cost Rs. 5000 Break even sales in value:
- Rs. 7936
- Rs. 8333
- Rs. 7353
- Rs. 9090
- c
The ratios which reveal the final result of the managerial policies and performance is:
- Turnover ratios
- Short term solvency ratio
- Profitability ratios
- Long term solvency ratio
- c
Wages are paid to a labor, who was engaged in production activities can be termed as:
- Direct cost
- Indirect cost
- Sunk cost
- imputed cost
- a
-
Wages are related to Expense Account head.
Wages are mentioned in Debit Side.
The current account of a partner:
- Always has a credit balance
- May have a debit balance and credit balance
- Always has no balance
- Always has a debit balance
- b
Dividends are usually paid on:
- Authorized capital
- Issued capital
- Paid up capital
- None of these
- c
-
Dividend is a regular payment on profit that given to the investors.
Costing stock appearing in trial balance will be taken to:
- Trading account only
- Balance sheet only
- Trading account and balance sheet
- Profit and loss account only
- b