A. Bookkeeping system
B. Ledger system
C. Balance check
D. General journal system
Related Mcqs:
- The original record of a business transaction is recorded in this book_____________?
A. Work book
B. Journal
C. Ledger
D. Account book - The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?
A. Yield
B. Economic return
C. Earning value
D. Gain - The financial health of the company is measured in terms of______________?
A. Liquidity
B. Solvency
C. Relative risk
D. All of the above - What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?
A. T-bills
B. Securities
C. Bond
D. Bank notes - What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?
A. Mall
B. Market
C. Store
D. Office - What refers to a document that shows proof of legal ownership of a financial security ?
A. Bond
B. Bank note
C. Coupon
D. Check - Which is true about corporation ?
A. It is worse type of business organization.
B. The minimum number of incorporators to start a corporation is three.
C. Its life is dependent on the lives of the incorporators.
D. The stock holders of the corporation are only liable to the extent of their investments. - What represents the share of participation in business organizations?
A. Franchise
B. Partnership
C. Stock
D. Corporation - What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save ?
A. Compulsory saving
B. Consumer saving
C. Forced saving
D. All of the above - What is the basic accounting equation ?
A. Assets = liability + owner’s equity
B. Liability = assets + owners’ equity
C. Owner’s equity = assets + liability
D. Owner’s equity = liability – assets
