- Cash flow statement
- Receipt and payment account
- Final accounts
- Funds flow statements
- c
-
There are four major types of Capital Account which are Working Capital, Debt, Equity and Trading Capital.
Revenue Account is that account which in which revenue earned by companies operations and business activities.
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.
Manufacturing overhead cost would include
- The chief executive officer salary
- A marketing cost related to selling the product
- The salary of production line supervisor
- Research and development cost of a new product
- c
-
Insurance, Utilities, Rent, HR Expense, Office Exp, Repair and Maintenance Exp and Taxes are included in Overhead Expenses.
Excess of debit over credit is called:
- Closing balance
- Debit balance
- Opening balance
- Credit balance
- b
-
Debit Balance is a balance in the left side of Account.
The cost of the asset after the expiry of its useful life is called______?
- Written down value
- Expired value
- Residual value
- None of the given options
- c
The main objects of investigation is ____?
- To discover errors and frauds
- To prevent errors and frauds
- To verify statements
- All the above
- d
Capital reserves are created out of profits of ______?
- A revenue nature
- A capital nature
- Contingency reserve
- A secret reserve
- b
Preliminary expenses are the best example for ______?
- Intangible asset
- Fictitious asset
- Wasting asset
- Floating asset
- b
-
Factitious Assets are those assets which has no tangible existence.
A sale of Rs. 50000 to Mr. A was entered as a sale to Mr. B. This is an example of:
- Error of principle
- Error of commission
- Error of omission
- Compensating error
- b
Prospectus is a document _______?
- Containing details about the manufacturing process of the company
- Containing details about the share capital of the company
- Containing the information of the sales
- Containing the rules and regulations of the company
- b
Auditor is ________?
- The agent of the central government
- A member of the company
- The agent of the of the company
- An assistant to accountant
- c