The main functions of world trade organization (WTO) is to ensure that trade flows____
A. Smoothly
B. Freely
C. Predictably
The debts which are to be repaid within a short period (a year or less) are referred to as_____________
B. Fixed liabilities
C. Contingent liabilities
D. All of these
Financial accountancy is governed by______
A. Local standards only
B. International standards
D. Company’s internal top management only
Which of the following is an example of intellectual capital?
A. Office computers
B. Sales revenue
D. A company’s stocks
Internal users of accounting information include all of the following except:
A. Store manager
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—–:
B. 15000
C. 25000
D. 40000
According to which concept all the transactions are measureable in the terms of money are recorded in accounts?
A. Business entity concept
C. Going concern concept
D. Accounting period concept
Which of the following is non-profit organization?
A. Sole proprietorship
B. Partnership
C. Limited company