MGT-101 Final Term Exams Preparation Virtual University

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MGT-101 Final Term Exams Preparation Virtual University

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MGT-101 Final Term Exams Preparation Virtual University

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Question # 1

A book in which receipts and payments are recorded is known as

Question # 2

Firms chargers depreciation each year :

Question # 3

Accountancy cover which of the following series

Question # 4

Which one of the following is CORRECT about closing stock?

Question # 5

Which of the financial statement DO NOT show the financial health of a business at specific date?

Question # 6

The main goal of bank reconciliation statement is:

Question # 7

What will be the effect on accounting equation ,which payment is made to the creditor of the business?

Question # 8

An estimate of the income and expenses needed to carry out business plans for a fiscal year is known as :

Question # 9

Accrued expenses are the example of

Question # 10

The allocation of the cost of a tangible plant asset to expenses in the periods ,in which service are received from the asset is termed as

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