Accounting & Auditing

Q12

A____ increases in liabilities, while _______ increases in liabilities.

Q13

The debts which are to be repaid within a short period (a year or less) are referred to as_____________

Q14

The following is a statement of revenues and expenses for a period:

Q16

The following is also known as external internal equity ratio.

Q18

A business event which can be measured in terms of money and must be recorded in books of accounts is called:

Q19

The debts which are to be repaid within a short period are referred to as_____________

Q20

Project indivisibility can lead to sub-optimal results when____ is used for capital rationing.

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