In Modaraba ______
A. One person invests money and other invests labor and experience
B. Both persons invest money and labor
C. Two persons invest money
D. All of these
Deflation refers to _____
A. An increase in the overall level of economic activity
B. An increase in the overall price level
C. A decrease in the overall level of economic activity
D. A decrease in the overall price level
Per capita income is calculated as ______
A. N.I + population
B. N.I x population
C. N.I / population
D. Both a & c
The main functions of world trade organization (WTO) is to ensure that trade flows____
A. Smoothly
B. Freely
C. Predictably
D. All of these
The debts which are to be repaid within a short period (a year or less) are referred to as_____________
A. Current liabilities
B. Fixed liabilities
C. Contingent liabilities
D. All of these
Financial accountancy is governed by______
A. Local standards only
B. International standards
C. Local as well as international accounting standards
D. Company’s internal top management only
Which of the following is an example of intellectual capital?
A. Office computers
B. Sales revenue
C. An employee’s product knowledge
D. A company’s stocks
Internal users of accounting information include all of the following except:
A. Store manager
B. Creditor
C. Chief executive officer
D. Chief financial officer
A business entity has owner’s equity of rs.40, 000 and liabilities of Rs. 25,000 its assets are________________
A. 65000
B. 15000
C. 25000
D. 40000