A. Work book
B. Journal
C. Ledger
D. Account book
Related Mcqs:
- A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation - What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it ?
A. Preferred bond
B. Registered bond
C. Incorporators bond
D. Callable bond - What is used to record historical financial transactions ?
A. Bookkeeping system
B. Ledger system
C. Balance check
D. General journal system - What is the simplest form of business organization ?
A. Sole proprietorship
B. Partnership
C. Enterprise
D. Corporation - Double taxation is a disadvantage of which business organization ?
A. Sole proprietorship
B. Partnership
C. Corporation
D. Enterprise - An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?
A. Entrepreneurship
B. Partnership
C. Proprietorship
D. Corporation - Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ________________________?
A. Partnership
B. Investors
C. Corporation
D. Stockholders - What represents the share of participation in business organizations?
A. Franchise
B. Partnership
C. Stock
D. Corporation - __________________ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations?
A. Status company
B. Big income
C. Known owners
D. Goodwill - A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?
A. Cooperative
B. Corporation
C. Enterprise
D. Partnership
