The Pioneer of Accounting is ___
Anonymous Quiz
10%
Arthur Field House
35%
William Pickles
9%
Gitman
46%
Lucas Pacioli
Which of the following has a credit balance?
Anonymous Quiz
17%
Carriage Inward
47%
Discount Received
21%
Bad Debts
16%
Carriage Outward
The primary feature of planning that restricts flexibility is ____
Anonymous Quiz
48%
Rigidity
13%
Continuity
32%
Decision making
8%
Coordination
A limitation of planning is __
Anonymous Quiz
18%
Focus on outcomes
12%
Facilitates control
59%
Time consuming
11%
Encourages innovation
Basic function of financial accounting is to ____
Anonymous Quiz
38%
Record all business transactions
5%
Interpret financial data
2%
Assist the management
55%
All of the above
Goodwill account is a _____
Anonymous Quiz
22%
Personal Account
33%
Nominal Account
34%
Real Account
10%
All of the above
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Which of the following equation is correct?
Anonymous Quiz
44%
Liabilities = Assets - Capital
21%
Assets = Liabilities - Capital
22%
Assets + Liabilities = Capital
12%
Capital - Liabilities = Assets
Which of the following is not a business transaction?
Anonymous Quiz
6%
Bought furniture of Rs 20,000 for business
80%
Paid son's fees from his personal bank account Rs 10,000
11%
Paid son's fee from the business Rs 5,000
3%
Paid for salaries of employees Rs 2,000
Copyright, Trademark & Patents are examples of ____
Anonymous Quiz
11%
Fixed Assets
8%
Current Assets
77%
Intangible Assets
3%
Investments
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