Accounting & Auditing

Q2

The ratios appropriate for the evaluation of accounts receivable are:

Q3

Goodwill is most appropriately classed as:

Q4

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

Q5

The following is also known as external internal equity ratio.

Q6

The following is a statement of revenues and expenses for a specific period of time.

Q7

A business entity has owner’s equity of Rs. 40,000 and liabilities of Rs. 25,000 its assets are—–:

Q8

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

Q10

Salaries paid to partners is an:

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