- Days to collect accounts receivable
- Accounts receivable turnover
- Working capital turnover
- Total assets turnover
- b
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.
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
When shares are forfeited, the share capital account is debited with the:
- Nominal value of share
- Called up value of share
- Paid up value of share
- None of these
- b
Share may be issued:
- At premium
- At discount
- At par
- All of these
- d
Stock in trade is valued:
- At market price
- At cost or market whichever is less
- At cost price
- At cost less market price
- b
Partners in Pakistan can today be fixed at the following numbers.
- 20
- 40
- 60
- 70
- a
-
There may be minimum 02 and maximum 20 partners in a Partnership Business.
The amount of resources supplied by the owner in business is called:
- Investments
- Assets
- Capital
- Reserves
- C
-
Equity Shareholders are called Owner of the firm / Organization / Company.