Generally the term fund is used to mean the difference between?

Related Mcqs:

1. The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?

   A. Interest Rate
   B. Required rate of return
   C. Nominal interest rate
   D. All of the above

   Submitted by: Maneesh kumar

2. Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation?

   A. Added, Reduced
   B. Added, Added
   C. Deducted, Added
   D. Deducted, Deducted

3. Petty cash fund is supposed to be replenished?

   A. Every day
   B. Every half year
   C. Every year
   D. At the end of every accounting period

4. Depreciation fund method is also known as__________?

   A. Sinking Fund Method
   B. Annuity Method
   C. Sum of Year Digits Method
   D. None of these

   Submitted by: Syed Nizakat Ali Shah

5. Revenue is generally recognized as being earned at that point of time when?

   A. sale is effected
   B. cash is received
   C. production is completed
   D. debts are collected

6. Closing entries are generally passed:

   A. At the time of opening new books of account
   B. At the time of closing the accounts
   C. During the course of accounting period any time
   D. After certification of accounts

7. How many parties are generally found in a Bill of Exchange?

   A. 4
   B. 2
   C. 3
   D. 5

8. A foreign bill of exchange is generally drawn up in___________?

   A. Triplicate
   B. Duplicate
   C. Single
   D. Quadruplicate

9. Which of the following is generally not the party to a check?

   A. Payee
   B. Payer
   C. Bank
   D. Seller

10. A cash book that is used to record the small payments of cash is generally referred as_________?

    A. Simple cash book
    B. Two column cash book
    C. Three column cash book
    D. Petty cash book